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A company handles an apartment building with 70 units. Experience has shown that if the rent...
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...
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...
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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?
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...
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...
The owner of an apartment building can rent all 60 apartments if she charges $1,800 per...
The owner of an apartment building can rent all 60 apartments if she charges $1,800 per month, but she rents one fewer apartment for each $50 increase in monthly rent. (a) Construct a table that gives the revenue generated if she charges $1,800, $1,850, and $1,900. No. of Apts 60 Rent Total Revenue $1,800 s 59 $1,850$ $1,900$ (b) Does her revenue from apartment rentals increase or decrease as she increases the rent from $1,800 to $1,900? O revenue increases...
The owner of an apartment building can rent all 60 apartments if she charges $1,600 per...
The owner of an apartment building can rent all 60 apartments if she charges $1,600 per month, but she rents one fewer apartment for each $50 increase in monthly rent (a) Construct a table that gives the revenue generated if she charges $1,600, $1,650, and $1,700. No. of Apts Rent Total Revenue 60 | $1,600|$ 59 $1,650 58 $1,700 (b) Does her revenue from apartment rentals increase or decrease as she increases the rent from $1,600 to $1,700? O revenue...
(18) You own an apartment complex with 40 units. All units are occupied. The monthly rent...
(18) You own an apartment complex with 40 units. All units are occupied. The monthly rent for 15 units is $1,100 per unit, and the monthly rent of the other 25 units is $1,400 per unit. The total maintenance cost is $3,000 per month for the entire complex. The property tax is $200 per month for the entire complex. Assume there are no other costs and also no changes in the rent, the maintenance cost, and the tax. The units...
Assume an apartment building contains 120 units. 50% are one-bedrooms that rent for $1000/month and 50%...
Assume an apartment building contains 120 units. 50% are one-bedrooms that rent for $1000/month and 50% are two-bedrooms that rent for $1,500 per month. Vacancy is 10% of total income. What is the effective gross income?
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...
The owner of an apartment building can rent all 60 apartments if she charges $1,800 per month, but she rents one fewer apartment for each $50 increase in monthly rent. (a) Construct a table that gives the revenue generated if she charges $1,800, $1,850, and $1,900. No. of Apts 60 Rent Total Revenue $1,800 s 59 $1,850$ $1,900$ (b) Does her revenue from apartment rentals increase or decrease as she increases the rent from $1,800 to $1,900? O revenue increases...
The owner of an apartment building can rent all 60 apartments if she charges $1,600 per month, but she rents one fewer apartment for each $50 increase in monthly rent (a) Construct a table that gives the revenue generated if she charges $1,600, $1,650, and $1,700. No. of Apts Rent Total Revenue 60 | $1,600|$ 59 $1,650 58 $1,700 (b) Does her revenue from apartment rentals increase or decrease as she increases the rent from $1,600 to $1,700? O revenue...
(18) You own an apartment complex with 40 units. All units are occupied. The monthly rent for 15 units is $1,100 per unit, and the monthly rent of the other 25 units is $1,400 per unit. The total maintenance cost is $3,000 per month for the entire complex. The property tax is $200 per month for the entire complex. Assume there are no other costs and also no changes in the rent, the maintenance cost, and the tax. The units...
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