The owner of an apartment tower rents out each of her 250 apartments for the sum of $300 per month. She knows that if she lowers the rent by slice of $2, it earns an average of 5 tenants. What should the average monthly rent be of one of these apartments if she wishes to make a maximum monthly income? What should be the number of tenants necessary to obtain this maximum income? What should this income be maximum?

Elementary Geometry For College Students, 7e
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ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
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Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
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The owner of an apartment tower rents out each of her 250
apartments for the sum of $300 per month. She knows that if she lowers the rent by
slice of $2, it earns an average of 5 tenants. What should the average monthly rent be
of one of these apartments if she wishes to make a maximum monthly income? What should be the
number of tenants necessary to obtain this maximum income? What should this income be
maximum?
Transcribed Image Text:The owner of an apartment tower rents out each of her 250 apartments for the sum of $300 per month. She knows that if she lowers the rent by slice of $2, it earns an average of 5 tenants. What should the average monthly rent be of one of these apartments if she wishes to make a maximum monthly income? What should be the number of tenants necessary to obtain this maximum income? What should this income be maximum?
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