Solution: X=6
Detailed explanation:
In this problem we're asked to find "x" or the unknown.
The first step is to subtract 11x from both sides.
Next, subtract 79 from both sides.
To finish this off, divide both sides by -11.
Voila! There's our answer!
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Answer:
Step-by-step explanation:
Given data
Total units = 250
Current occupants = 223
Rent per unit = 892 slips of Gold-Pressed latinum
Current rent = 892 x 223 =198,916 slips of Gold-Pressed latinum
After increase in the rent, then the rent function becomes
Let us conside 'y' is increased in amount of rent
Then occupants left will be [223 - y]
Rent = [892 + 2y][223 - y] = R[y]
To maximize rent =
Since 'y' comes in negative, the owner must decrease his rent to maximixe profit.
Since there are only 250 units available;
Optimal rent - 838 slips of Gold-Pressed latinum