Rent charged to maximize revenue


Assignment:

Q1. The manager of a large apartment complex knows from experience that 80 units will be occupied if the rent is 320 dollars per month. A market survey suggests that, on the average, one additional unit will remain vacant for each 8 dollar increase in rent. Similarly, one additional unit will be occupied for each 8 dollar decrease in rent. What rent should the manager charge to maximize revenue?

Q2. A rancher wants to fence in an area of 2500000 square feet in a rectangular field and then divide it in half with a fence down the middle parallel to one side. What is the shortest length of fence that the rancher can use?

Q3. A Norman window has the shape of a semicircle a top a rectangle so that the diameter of the semicircle is equal to the width of the rectangle. What is the area of the largest possible Norman window with a perimeter of 44 feet?

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Mathematics: Rent charged to maximize revenue
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