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May 4, 2015

Homework Help: Math

Posted by Anonymous on Sunday, January 26, 2014 at 7:47pm.

A real estate company owns 218 efficiency apartments, which are fully occupied when the rent is $940 /month. The company estimated that for each $25 increase in rent, 5 apartments will become unoccupied. What rent should be charged so that the company will receive the maximum monthly income?

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