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s.h_math s.h_math
wrote...
Posts: 179
Rep: 2 0
8 months ago
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Suppose 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
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wrote...
Educator
8 months ago
Does this help?
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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 ago

Where do you get the rent?
wrote...
Educator
8 months ago
For 420, for example, multiply 20 * 21 = 420

Where 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
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