A real estate company owns 120 apartments which are fully occupied when the rent is $650 per month. Analytics indicate that for each $25 increase in rent, 4 apartments will become unoccupied. What rent should be charged in order to obtain the largest gross income

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Explanation:

This is a question under Calculus (which is another segment of mathematics and it is utilized for understanding the changes between values that are related by a function.  Calculus is used in a lot of diverse fields of study such as astronomy, physics, biology, economics, medicine, engineering and sociology).

The step by step solution to the above question can be seen in the attached image below:

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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