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A company handles an apartment building with 50 units. Experience has shown that if the rent for each of the units is $720 per month, all of the units will be filled, but 1 unit will become vacant for each $20 increase in this monthly rate.

If the monthly cost of maintaining the apartment building is $12 per rented unit, what rent should be charged per month to maximize the profit?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92601469

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