Answer question 94 with full solution steps and explanations
A Units B ars 0. 94. Revenue In a 100-unit apartment building, when the price charged per apartment rental is (830 +30x) dol- lars, then the number of apartments rented is 100-x and the total revenue for the building is R(x) = (830 + 30x)(100-x) r- where x is the number of $30 rent increases (and also the resulting number of unrented apartments). Find marginal revenue when x 10. Does this tell you that the rent should be raised (causing more vacancies) or lowered? Explain. to 50
