6. John Staples accepts an offer for a job in Seattle that will start next May. His current lease runs through August. John pays $800 per month for rent plus $200 in utilities. If the utility bills are not transferable to a sublessor, what is the minimum amount John must receive per month to sublet his apartment? a. $1 b. $201 c. $801 d. $1,001

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
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6. John Staples accepts an offer for a job in Seattle that will start next May. His current
lease runs through August. John pays $800 per month for rent plus $200 in utilities. If
the utility bills are not transferable to a sublessor, what is the minimum amount John
must receive per month to sublet his apartment?
a. $1
b. $201
c. $801
d. $1,001
Transcribed Image Text:6. John Staples accepts an offer for a job in Seattle that will start next May. His current lease runs through August. John pays $800 per month for rent plus $200 in utilities. If the utility bills are not transferable to a sublessor, what is the minimum amount John must receive per month to sublet his apartment? a. $1 b. $201 c. $801 d. $1,001
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Rent refers to a fee that a tenant pays to a landlord for the use of a property, such as an apartment, house, or commercial space. Utilities refer to the services that are necessary for the functioning of a building, such as electricity, gas, water, heating, and cooling. These services are usually provided by separate companies, and the cost of these services is usually separate from the cost of rent.

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