In a 100-unit apartment building, when the price charged per apartment rental is (830 + 30x) dollars,
Question:
R(x) = (830 + 30x) (100 - x)
where x is the number of $30 rent increases (and also the resulting number of unrented apartments). Find the marginal revenue when x = 10. Does this tell you that the rent should be raised (causing more vacancies) or lowered? Explain.
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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