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A real estate company is going to build a new residential complex. The land they have purchased can…
A real estate company is going to build a new residential complex. The land they have purchased can hold at the most 500 apartments. Also, if they make $x$ apartments, then the monthly maintenance cost for the whole complex would be as follows:
Fixed cost = ₹ 4000
Variable cost = ₹ $(14x - 0\cdot 04x^2)$
How many apartments should the complex have in order to minimize the maintenance costs? (Application)
Answer
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From ISC 2026 Specimen Mathematics Paper 1, question 20(i).