#Sales Offer!| Get upto 25% Off:

An apartment block has seventy units of accommodation. It is estimated that it is possible to let them all if the rent is $2,000 per month, and for each $100 per month the rent is increased there would be one unit vacant. LG, the manager of the block, finds that a vacant unit costs $100 per month to maintain whereas an occupied one costs $300. a. If profit from the lettings is measured as revenue minus maintenance costs, find an expression for profit in terms of the number of units let. b. What rent should LG charge to maximize profit? c. KA, a contractor, offers to be responsible for the maintenance of the entire block at a rate of $150 per unit, whether the units are occupied or not. Would it be more profitable for LG to employ KA?

Found something interesting ?

• On-time delivery guarantee
• PhD-level professional writers
• Free Plagiarism Report

• 100% money-back guarantee
• Absolute Privacy & Confidentiality
• High Quality custom-written papers

Related Model Questions

Feel free to peruse our college and university model questions. If any our our assignment tasks interests you, click to place your order. Every paper is written by our professional essay writers from scratch to avoid plagiarism. We guarantee highest quality of work besides delivering your paper on time.

Grab your Discount!

25% Coupon Code: SAVE25
get 25% !!