Originally Posted by
skeske1234 The manager of a 120 unit apartment complex knows from experience that all units will be occupied if the rent is 400 dollars a month. A market survey suggests that, on the average, one additional unit will remain vacant for each 10 dollar increase in rent. What rent should she charge to maximize revenue?
so this is what I have thus far:
I said that let x rep the number of dollar increases
(400+10x)
and so
120- (10x+400)
can be said to rep demand
Revenue will be
R=120-(10x+400) 10(x+400)
Question: do I have everything right so far? if i do, can I now proceed to find the maximum revenue or derivative of R