A Woman Has a Building with 26 One-Bedroom Apartments, 40

question 10

Multiple Choice

A woman has a building with 26 one-bedroom apartments, 40 two-bedroom apartments, and 60 three-bedroom apartments available to rent to students. She has set the rent at $550 per month for the one-bedroom units, $900 per month for the two-bedroom units, and $1,100 per month for the three-bedroom units. She must rent to one student per bedroom, and zoning laws limit her to at most 250 students in this building. There are enough students available to rent all the apartments. How many of each type of apartment should she rent to maximize her monthly revenue? Find the maximum possible monthly revenue. Round your profit to the nearest dollar. ​

• A)Maximum revenue is $89,250 by renting 25 1 - BR, 35 2 - BR, and 40 3 - BR apartments.
• B)Maximum revenue is $93,100 by renting 22 1 - BR, 35 2 - BR, and 45 3 - BR apartments.
• C)Maximum revenue is $105,850 by renting 29 1 - BR, 40 2 - BR, and 49 3 - BR apartments.
• D)Maximum revenue is $98,300 by renting 30 1 - BR, 42 2 - BR, and 40 3 - BR apartments.
• E)Maximum revenue is $103,100 by renting 26 1 - BR, 40 2 - BR, and 48 3 - BR apartments.

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Definitions:

Warm and Affectionate

Showing feelings of love, care, and kindness openly and comfortably.

Only Ceremonial

Referring to events or practices that are purely formal or symbolic, without legal or substantial effect.

Federal Government

The national government of a federal country, which holds the authority to govern the entire nation.

Land Speculators

Individuals or entities that purchase land with the aim of profiting from its future increase in value rather than its use.