What rent should the farmer charge to obtain the largest gross income?

Anonymous
timer Asked: Oct 29th, 2015

Question description

A  retired farmer wants to rent his 200 acres. He has found that if the rent is $250 per acre all 200 acres get rented, but for every $10 increase in rent 5 acres go unrented. What rent should the farmer charge to obtain the largest gross income?

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