A real estate office handles an apartment complex with 80 units. When the rent is $264 per month, all 80 units are occupied. When the rent is $312, however, the average number of occupied units drops to 76. Assume that the relationship between the monthly rent p and the demand x is linear. (The term demand refers to the number of occupied units.) (a) Write a linear equation expressing x in terms of p. x = (b) Predict the number of occupied units when the rent is set
A real estate office handles an apartment complex with 80 units. When the rent is $264 per month, all 80 units are occupied. When the rent is $312, however, the average number of occupied units drops to 76. Assume that the relationship between the monthly rent p and the demand x is linear. (The term demand refers to the number of occupied units.) (a) Write a linear equation expressing x in terms of p. x = (b) Predict the number of occupied units when the rent is set
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
Related questions
Question
A real estate office handles an apartment complex with 80 units. When the rent is $264 per month, all 80 units are occupied. When the rent is $312, however, the average number of occupied units drops to 76. Assume that the relationship between the monthly rent p and the demand x is linear. (The term demand refers to the number of occupied units.)
(a)
Write a linear equation expressing x in terms of p.
x =
(b)
Predict the number of occupied units when the rent is set at $348.
units
(c)
Predict the number of occupied units when the rent is set at $408.
units
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
