× Didn't find what you were looking for? Ask a question

Top Posters
Since Sunday
18
13
r
6
6
u
5
V
4
b
4
r
4
o
4
d
4
n
4
l
4

# Suppose apartments are in four locations: Location A, Location B, Location C, and Location D. ...

wrote...
Posts: 179
Rep:
8 months ago
 Suppose apartments are in four locations: Location A, Location B, Location C, and Location D. ... attachedSuppose apartments are in four locations: Location A, Location B, Location C, and Location D. Location A is in the city, where your job is. Location B is 10 minutes farther from your job than Location A. Location C is 10 minutes farther from your job than Location B, and Location D is 10 minutes farther than Location C. In turn, similar apartments in Location B rent for $175 less per month than apartments in Location A, apartments in Location C rent for$175 less than in Location B, and apartments in Location D rent for $175 less than in Location C. Suppose the value of your time is$22 per hour and you work 21 days per month, with each day requiring a round-trip commute from your apartment to work. For simplicity, assume rent and the opportunity cost of your time commuting to work are the only factors influencing the location in which to rent an apartment. You should rent an apartment in Attached file Thumbnail(s): You must login or register to gain access to this attachment. Read 86 times 8 Replies

### Related Topics

Replies
wrote...
Educator
8 months ago
 Does this help? Attached file Thumbnail(s): You must login or register to gain access to this attachment.
s.h_math Author
wrote...
8 months ago Edited: 8 months ago, s.h_math
 Where exactly do you get 420 mins from?Post Merge: 8 months agoWhere do you get the rent?
wrote...
Educator
8 months ago
 For 420, for example, multiply 20 * 21 = 420Where do you get the rent?The question says B is 175 cheaper than A, C is 175 cheaper than B, and C is 175 cheaper than D. Therefore, if A is $625, B = 625 - 175, C = 625 - 175 - 175, etc. ...Does that help? s.h_math Author wrote... 7 months ago  Bio man, I forgot how you get the rent for 625,was it just a random number you chose? wrote... Educator 7 months ago Edited: 7 months ago, bio_man  If you start at$100 for location D, add 175 for location C, 175 again for location B, and 175 for location A to get $625.What chapter is this question from in your textbook? s.h_math Author wrote... 7 months ago  how do you know to start at 100 for location D? wrote... Educator 7 months ago  I was under the impression that you can start at any value, and it won't change the final result. Try starting @$200 and see if the final answer is any different.
s.h_math Author
wrote...
7 months ago
 kk
Explore
293 People Browsing
281 Signed Up Today
Related Images

230

68

47