The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $20 increase in rent. What rent should the manager charge to maximize revenue?.

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07-11-2022
Business

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The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $20 increase in rent. What rent should the manager charge to maximize revenue?.

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