Lynbrook West, an Apartment Complex, Has 100 Two-Bedroom Units

question 71

Multiple Choice

Lynbrook West, an apartment complex, has 100 two-bedroom units.The monthly profit (in dollars) realized from renting out x apartments is given by To maximize the monthly rental profit, how many units should be rented out? What is the maximum monthly profit realizable?

• A)88 units are rented and the maximum monthly profit realizable is $23,720
• B)22 units are rented and the maximum monthly profit realizable is $47,440
• C)88 units are rented and the maximum monthly profit realizable ix $11,860
• D)88 units are rented and the maximum monthly profit realizable is $47,440
• E)44 units are rented and the maximum monthly profit realizable is $47,440

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Definitions:

Production Stable

A situation in manufacturing where the production process is consistent, reliable, and capable of meeting expected demand without significant fluctuations.

Forward Buying

The practice of purchasing stock in larger quantities than needed immediately to take advantage of lower prices or anticipated price increases.

Peak Period

The time when demand for goods or services is at its highest, often leading to increased prices and competition.

Time Flexibility

The ability to adapt to changes in scheduling or deadlines.