From Jackie: 1.The manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $400 per month. A market survey suggests that, on the average, one additional unit will remain vacant for each $5 increase in rent. What rent should the manager charge to maximize revenue?
2.During the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $10 each and his sales averaged 20 per day. When he increased the price by $1, he found that he lost two sales per day.
a. Find the demand function, assuming it is linear.
b. If the material for each necklace costs Terry $6, what should the selling price be to maximize his profit?
From Petey: Please could you tell me why for my coursework (where I have to find the largest area that a fence 1000m long can cover) why I should only test equilateral and isoceles triangles? We were told NOT to do right angled triangles but I was wondering why not?
Answered by Penny Nom.
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