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(15 points) A company handles an apartment building with 50 units. Experience has shown that if the rent for each of the units is $720 per month, all of the units will be filled, but 1 unit will become vacant for each $20 increase in this monthly rate. At what price is revenue maximum? What is the maximum revenue and how many apartments are rented to reach this max?
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PLEASE SHOW ALL WORK A company handles an apartment building with 50 units. Experience has shown that if the rent for each of the units is $720 per month, all of the units will be filled, but 1 unit w...
PLEASE SHOW ALL WORK A company handles an apartment building with 50 units. Experience has shown that if the rent for each of the units is $720 per month, all of the units will be filled, but 1 unit will become vacant for each $20 increase in this monthly rate. (a) At what price is revenue maximum? What is the maximum revenue and how many apartments are rented to reach this max? (b) If the monthly cost of maintaining the...
A company handles an apartment building with 70 units. Experience has shown that if the rent...
A company handles an apartment building with 70 units. Experience has shown that if the rent for each of the units is $1320 per month, all the units will be filled, but 1 unit will become vacant for each $20 increase in the monthly rate. What rent should be charged to maximize the total revenue from the building if the upper limit on the rent is $1420 per month?
C++ (Apartment problem) A real estate office handles, say, 50 apartment units. When the rent is,...
C++ (Apartment problem) A real estate office handles, say, 50 apartment units. When the rent is, say, $600 per month, all the units are occupied. However, for each, say, $40 increase in rent, one unit becomes vacant. Moreover, each occupied unit requires an average of $27 per month for maintenance. How many units should be rented to maximize the profit? Instructions Write a program that prompts the user to enter: The total number of units. The rent to occupy all...
(Apartment problem) A real estate office handles, say, 50 apartment units. When the rent is, say,...
(Apartment problem) A real estate office handles, say, 50 apartment units. When the rent is, say, $600 per month, all the units are occupied. C++ However, for each, say, $40 increase in rent, one unit becomes vacant. Moreover, each occupied unit requires an average of $27 per month for maintenance. How many units should be rented to maximize the profit? Instructions Write a program that prompts the user to enter: The total number of units. The rent to occupy all...
The business manager of a 90 unit apartment building is trying to determine the rent to...
The business manager of a 90 unit apartment building is trying to determine the rent to be charged. From past experience with similar buildings, when rent is set at $400, all the units are full. For every $20 increase in rent, one additional unit remains vacant. a). What is the formula for revenues R after x $20 price hikes in the apartment building? b) Find the maximum revenue (or income) of the apartment building c) What is the rent that...
All units in a 100-unit apartment building are rented out when the monthly rent is set...
All units in a 100-unit apartment building are rented out when the monthly rent is set at r = $900/month. Suppose that one unit becomes vacant with each $10 increase in rent and that each occupied unit costs $80/month in maintenance. Which rent r maximizes monthly profit? r= $ A billboard of height b = 2 meters is mounted on the side of a building with its bottom edge at a distance h = 7 meters from the street. At...
Sara starts by asking Bill to picture a city with 100,000 apartments, so an occupancy rate of 95% means that 95,0...
Sara starts by asking Bill to picture a city with 100,000 apartments, so an occupancy rate of 95% means that 95,000 apartments are occupied and 5,000 are empty. "Now suppose," she goes on, "that 1% of all the apartment dwellers move out each day, How many apartments will become vacant each day?" O 1,200 950 O 860 740 500 "Imagine," Sara continues, "that a few empty apartments have new people move in on the very same day that the old...
please help! 2. Analyzing occupancy rates Bill, an economics student, says, "This articie makes no economic sense. It quotes someone as saying that the price of apartments will go up if jo...
please help!
2. Analyzing occupancy rates Bill, an economics student, says, "This articie makes no economic sense. It quotes someone as saying that the price of apartments will go up if jobs pick up in Santa Clara. But 5% of the apartments are sitting empty. Prices should go down when there is a surplus like this one." Sara, the graduate teaching assistant for Bil's section, tries to explain to him why he might be wrong. (You have to answer her...
wered [6 points] A real-estate firm owns 100 apartments. At 400 OMR per month, each apartment...
wered [6 points] A real-estate firm owns 100 apartments. At 400 OMR per month, each apartment can be rented. However, for each 5 OMR per-month-increase, there will be one vacancies with no possibility of filling them. What rent per apartment will maximize monthly revenue?. of Maximum size for new files: 50MB estion Files You can drag and drop files here to add them. [6 points]
economics
Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as given in the table below. Monthly Rent Apartments Demanded Apartments Supplied $2500 10,000 15,000 2000 12,500 12,500 1500 15,000 10,000 1000 17,500 7,500 500 20,000 5,000 Please provide a non-price method in allocating the unit by the landlord with the controlled rent.a. What is the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied? b. If...
A company handles an apartment building with 70 units. Experience has shown that if the rent for each of the units is $1320 per month, all the units will be filled, but 1 unit will become vacant for each $20 increase in the monthly rate. What rent should be charged to maximize the total revenue from the building if the upper limit on the rent is $1420 per month?
All units in a 100-unit apartment building are rented out when the monthly rent is set at r = $900/month. Suppose that one unit becomes vacant with each $10 increase in rent and that each occupied unit costs $80/month in maintenance. Which rent r maximizes monthly profit? r= $ A billboard of height b = 2 meters is mounted on the side of a building with its bottom edge at a distance h = 7 meters from the street. At...
Sara starts by asking Bill to picture a city with 100,000 apartments, so an occupancy rate of 95% means that 95,000 apartments are occupied and 5,000 are empty. "Now suppose," she goes on, "that 1% of all the apartment dwellers move out each day, How many apartments will become vacant each day?" O 1,200 950 O 860 740 500 "Imagine," Sara continues, "that a few empty apartments have new people move in on the very same day that the old...
please help!
2. Analyzing occupancy rates Bill, an economics student, says, "This articie makes no economic sense. It quotes someone as saying that the price of apartments will go up if jobs pick up in Santa Clara. But 5% of the apartments are sitting empty. Prices should go down when there is a surplus like this one." Sara, the graduate teaching assistant for Bil's section, tries to explain to him why he might be wrong. (You have to answer her...
wered [6 points] A real-estate firm owns 100 apartments. At 400 OMR per month, each apartment can be rented. However, for each 5 OMR per-month-increase, there will be one vacancies with no possibility of filling them. What rent per apartment will maximize monthly revenue?. of Maximum size for new files: 50MB estion Files You can drag and drop files here to add them. [6 points]
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