The Manager of 100 Apartments Knows That At $\$ 600$

question 37

Essay

The manager of 100 apartments knows that at $\$ 600$ rent per month, all apartments will be rented. For each \$25 increase, one apartment will not be occupied. Let $x$ represent the number of $\$ 25$ increases to the rent.
(a) Write the revenue as a function of $x$ .
(b) What rent per unit will yield maximum revenue?
(c) What is the maximum revenue? ch02_p13_20 3/31/10 8:49 AM Page 15

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Definitions:

General Partner

An owner of a partnership who has unlimited liability and is responsible for the management of the business.

Registered Partnership

A legally recognized form of partnership which is registered with the appropriate government authorities.

Limited Liability

The condition where a company's owners or shareholders are legally responsible for its debts only to the extent of the capital they invested.

Partnership Control

Partnership control refers to the governance or directive influence exercised by partners in a partnership, affecting decision-making and operations.