Income= rent(100-1/10*(rent-500)
d I/drent= (100-rent/10+50)-rent(1/10)=0
150=2/10 rent
rent= 750
check that
The manager of a 100 unit apartment complex knows from experience that all units will be occupied if the rent is $500 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue?
2 answers
checking : assume 750 rent, 760 rent, and 740 rent
rent units income
750 75 56,250
740 76 56,240
760 74 56240
calculus is awesome
rent units income
750 75 56,250
740 76 56,240
760 74 56240
calculus is awesome