A real estate office handles a 60-unit apartment complex. When
the rent is $530 per month,...
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A real estate office handles a 60-unit apartment complex. Whenthe rent is $530 per month, all units are occupied. For each $25increase in rent, however, an average of one unit becomes vacant.Each occupied unit requires an average of $30 per month for serviceand repairs. What rent should be charged to obtain a maximumprofit?
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