A real estate office handles a 60-unit apartment complex. When the rent is $530 per month,...

A real estate office handles a 60-unit apartment complex. When the rent is $530 per month, all units are occupied. For each $25 increase in rent, however, an average of one unit becomes vacant. Each occupied unit requires an average of $30 per month for service and repairs. What rent should be charged to obtain a maximum profit?

Expert Solution

milcah answered 2 years ago

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