Question

In: Civil Engineering

1 point) (Once you have their money, never give it back.) An apartment complex on Ferenginar...

1 point) (Once you have their money, never give it back.) An apartment complex on Ferenginar with 250 units currently has 187 occupants. The current rent for a unit is 935 slips of Gold-Pressed Latinum. The owner of the complex knows from experience that he loses one occupant every time he raises the rent by 2.5 slips of Latinum. Since "profit is its own reward", the owner wants to maximize his profit so he asks for our help, even though he knows that "free advice is seldom cheap". What should be our recommendation for the optimal rent? slips of Gold-Pressed Latinum

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Ally Wells answered 3 months ago
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