February 22, 2017

Homework Help: Calculus

Posted by Deepa on Thursday, April 24, 2014 at 8:56am.

A real estate office manages 50 apartments in a downtown building. When the rent is $900 per month, all the units are occupied. For every $25 increase in rent, one unit becomes vacant. On average, all units require $75 in maintenance and repairs each month. How much rent should the real estate office charge to maximize profits?

I don't even know the answer to this one. I don't understand at all, please help me step by step

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