Question:

The manager of a 100 unit apartment complex knows from

Last updated: 11/12/2023

The manager of a 100 unit apartment complex knows from

The manager of a 100 unit apartment complex knows from experience that all units will be occupied if the rent is 900 per month A market survey suggests that on average one additional unit will remain vacant for each 10 increase in rent What rent in dollars per month should the manager charge to maximize revenue per month