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Mathematics - Other

A property management company manages 200 apartments renting for $800.00 each with all the apartments rented. For each $10.00 pre month increase in rent there will be 2 vacancies with no possibility of filling them. what rent per apartment will maximize the total monthly revenue?

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Solution Preview

In the normal course, the revenue earned by the company by renting out 200 apartments,

each at $800 = 200(800) = ...

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$2.19