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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![A real estate company owns 110 apartments which are fully occupied when the rent is $800 per month. Analytics indicate that for each $30 increase in rent, 3 apartments will become unoccupied. What rent should be charged in order to obtain the largest gross income?
What is the largest gross income?
x](https://content.bartleby.com/qna-images/question/c208a761-6515-45b3-a7a5-d99dd8c8b3bb/9a70b2c0-6ab9-4549-b4de-b1e149dd81f7/px8zr1g_thumbnail.jpeg)
Transcribed Image Text:A real estate company owns 110 apartments which are fully occupied when the rent is $800 per month. Analytics indicate that for each $30 increase in rent, 3 apartments will become unoccupied. What rent should be charged in order to obtain the largest gross income?
What is the largest gross income?
x
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