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 apartment building is
$12 per rented unit,
what rent should be charged per month to maximize the profit?
Homework Answers
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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...
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?
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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?
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...
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...
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]
Please show all work for the solution You are planning on building a 30 unit apartment...
Please show all work for the solution
You are planning on building a 30 unit apartment building. You believe the building will last for 35 years and have asalvage of 10% of its construction cost. The cost of the land will be recovered in full at the end of the 35 years. The land will cost $3.2 million, the building will cost $4.8 million to construct, and the building will cost $70,000 per month,to operate and maintain. Property taxes and...
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...
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...
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]
Please show all work for the solution
You are planning on building a 30 unit apartment building. You believe the building will last for 35 years and have asalvage of 10% of its construction cost. The cost of the land will be recovered in full at the end of the 35 years. The land will cost $3.2 million, the building will cost $4.8 million to construct, and the building will cost $70,000 per month,to operate and maintain. Property taxes and...
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