Lynbrook West, an apartment complex, has 100 two-bedroom units. The monthly profit (in dollars) realized from...
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...
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...
A firm has monthly average costs, in dollars, given by c-40,000 + 100 x where x is the number of units produced per month. The firm can sell its product in a competitive market for that gives maximum profit. 2000 per unit. If production is limited to 300 units per month, find the number of units units Find the maximum profit. Need Help? Read ItWatch Talk to a Tutor