Calculus and Above

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every $10 increase in rent...

You currently rent 200 apartments at $820 per unit. For every $10 increase in rent, you have two vacancies. Your costs include $1,000 in fix costs and $40 per occupied apartment, If you let X = # of $10 increases, what is your total revenue function (in terms of X)?A) TR = ...

B) What is the price that maximizes total revenue? P = $...

C) At this price, what is your profit? Profit = $....

D) What is your profit function (in terms of X)? Profit = ...

E) What is the price that maximizes profit? P =$ ...

F) At this price, what is your profit? Profit = $...This is a lot and I hope you can help!

B) What is the price that maximizes total revenue? P = $...

C) At this price, what is your profit? Profit = $....

D) What is your profit function (in terms of X)? Profit = ...

E) What is the price that maximizes profit? P =$ ...

F) At this price, what is your profit? Profit = $...This is a lot and I hope you can help!

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