An apartment complex in a small college town has 120 units total. If they charge $1200 per month, th


Question: An apartment complex in a small college town has 120 units total. If they charge $1200 per month, they can rent every apartment, but each $50 increase in rent will result in 3 vacant apartments. Find the price they should charge to maximize their revenue. (Hint: Write a function describing revenue in terms of monthly rent, then find the vertex).

Price: $2.99
See Answer: The solution consists of 1 page
Deliverable: Word Document

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