A real estate company owns 120 apartments which are fully occupied when the rent is $700 per month. Analytics indicate that for each $35 increase in rent, 5 apartments will become unoccupied. What rent should be charged in order to obtain the largest gross income?

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Q: What is their net profit when 40 tickets are sold?

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A: Given,∑x9=99449.02∑x=895041.18

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Q: Nick's annual salary decreased by $3800 due to Covid.  This was a 9% decrease.  What was Nick's…

A: Given information Nick’s annual salary decreased by $3800 9% = 3800

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Q: The price of a new $20,000 car today is expected to increase at an average rate of $950 per year.…

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Q: The median annual income for people with a high school diploma is $7,502 more than that for those…

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Q: speed below 65 mph, a trucker will save 1.5% in fuel consumption. If a trucker reduces her average…

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Q: Over a 35-year period, Person A earned an average of $20,000/year and Person B earned an average of…

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Q: The current US Debt as of 8/23/21 was about 28.7 trillion. Calculate how far a stack of dollar bills…

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Q: A college turtoring center pays math tutors $5.15 per hour. tutors can earn an additonal $1.20 per…

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Q: A certain toll road averages 238,000 cars per day when charging $1 per car. A survey concluded that…

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Q: a family has a phone plan that includes 4gb of data per month. 10 days into 30 day month the family…

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A: The double derivative test is used to optimize (maximize or minimize) a function. Follow the steps…