Apartment Rental The owner of an apartment building can rent all 100 apartments if he charges $1200 per apartment per month, but the number of apartments rented is reduced by 2 for every $40 increase in the monthly rent.
a. Construct a table that gives the revenue if the rent charged is $1240, $1280, and $1320.
b. Does R(x) = (1200 + 40x)(100 − 2x) model the revenue from these apartments if x represents the number of $40 increases?
c. What monthly rent gives the maximum revenue for the apartments?
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