The manager of a large apartment complex knows from experience that 90 units will be occupied...

The manager of a large apartment complex knows from experience that 90 units will be occupied if the rent is 468 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 9 dollar increase in rent. Similarly, one additional unit will be occupied for each 9 dollar decrease in rent. What rent should the manager charge to maximize revenue?

Expert Solution

milcah answered 2 years ago

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The business manager of a 90 unit apartment building is trying to determine the rent to be charged.