REAL ESTATE Suppose it costs $500 each month for the real estate company in Exercise 51 to maintain and advertise each unit that is unrented.
a. Express the total monthly revenue R obtained from renting apartments as a function of the monthly rental price p for each unit.
b. Sketch the graph of the revenue function found in part (a).
c. What monthly rental price p should the company charge in order to maximize total revenue? What is the maximum revenue?
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