The manager of a large apartment complex knows from

Last updated: 9/12/2023

The manager of a large apartment complex knows from experience that all 120 units will be occupied if the rent is 420 dollars per month A market survey suggests that on average one additional unit will become vacant for each 20 dollar increase in rent Let a represent the number of times that rent is increased by 20 Express the monthly revenue R as a function of x R x What rent should the manager charge to maximize revenue rent month max revenue month What is the maximum possible revenue