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A landlord has 100 units being rented at $750 per unit. He finds that when he increases the price by $25, he loses 4 tenants. 

 

1)I found that the optimal rent is : $687.50

2) I found out the revenue is  $ 111,718.75

 

so... How many tenants will this leave him with?

 May 5, 2020
 #1
avatar+111327 
+1

 

This can't be so, bioplant......if we  have $25  price increases/decreases, the  rent should  be  750  plus/minus some multiple  of $25.....we won't have  any "partial" dollar amount for rent

 

 

cool coolcool

 May 5, 2020

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