2. An apartment complex has a demand given by p = -5x + 860, where x is the number of apartments rented
and p is the price for each apartment, in dollars. The
cost of maintaining the complex is $120 per rented
apartment. There are fixed costs of $6,000.
1
a) Find the revenue equation
b) Find the cost equation
c)
Find the profit equation.
d) Find the number of apartments to be rented that
maximize profit.
e) Find the price that the apartments are rented at when
the
profit is maximized.