3. A real estate office handles an apartment complex with 50 units. When the rent is $580, per month, all 50 units are occupied. However, when the rent is $625, the average number of occupied units drops to 47.Assume that the relationship between the monthly rent and the demand is linear. a. Define your variables for the above scenario b. Write a linear function giving the demand in terms of the monthly rent. c. Using your equation, find the average number of occupied units when the rent for each unit is $730.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
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3. A real estate office handles an apartment complex with 50 units. When the rent is $580, per month, all
50 units are occupied. However, when the rent is $625, the average number of occupied units drops to
47.Assume that the relationship between the monthly rent and the demand is linear.
a. Define your variables for the above scenario
b. Write a linear function giving the demand in terms of the monthly rent.
C. Using your equation, find the average number of occupied units when the rent for each unit is
$730.
d. Using your equation, find the average rent when the complex is half full.
Transcribed Image Text:3. A real estate office handles an apartment complex with 50 units. When the rent is $580, per month, all 50 units are occupied. However, when the rent is $625, the average number of occupied units drops to 47.Assume that the relationship between the monthly rent and the demand is linear. a. Define your variables for the above scenario b. Write a linear function giving the demand in terms of the monthly rent. C. Using your equation, find the average number of occupied units when the rent for each unit is $730. d. Using your equation, find the average rent when the complex is half full.
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