A real estate developer is contemplating the construction of a luxury condominium building.
Profit per unit is expected to be $200,000 if 20 units are built, but will decrease by $4000 for
each additional unit built on the site. How many units should be built in order to maximize
total profit?
For some reason i find these problems very tricky. So, is this function right for profit?:
Price per unit = 200000 - ((x-20) 4000)
Profit = x(200000 - ((x-20) 4000))
Thanks!