Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN: 9781305506381
Author: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher: Cengage Learning
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Supposed you and your friends decide to rent the four bedroom apartment and subscribe to cable. The average fixed cost per roommate will be____?

If only 3 people moved into the four bedroom apartment, the average fixed cost of rent and cable will be _____, which means that you will have to pay _____ of just the rent on your own

You've decided to rent an apartment with your friends. Your parents will cover your portion of the rent up to $250 (but not any
additional expenses). Your monthly share of the rent will depend on the number of roommates. The table below shows the costs
associated with the number of bedrooms in the apartment. Assume one person per bedroom.
Number of bedrooms
Rent
$400
$600
$750
$900
Cable/Internet
2
3
4
$60
$60
$60
$60
Which of the following size apartments can you rent so that your parents pay the entire portion of your rent?
Choose one or more
A. one bedroom
B. two bedrooms
C. three bedrooms
D. four bedrooms
SUBMIT ANSWER
13 OF 17 QUESTIONS COMPLETED
28
MacBook Pro
SC
F6
F8
F9
F5
FT
FT
F2
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Transcribed Image Text:You've decided to rent an apartment with your friends. Your parents will cover your portion of the rent up to $250 (but not any additional expenses). Your monthly share of the rent will depend on the number of roommates. The table below shows the costs associated with the number of bedrooms in the apartment. Assume one person per bedroom. Number of bedrooms Rent $400 $600 $750 $900 Cable/Internet 2 3 4 $60 $60 $60 $60 Which of the following size apartments can you rent so that your parents pay the entire portion of your rent? Choose one or more A. one bedroom B. two bedrooms C. three bedrooms D. four bedrooms SUBMIT ANSWER 13 OF 17 QUESTIONS COMPLETED 28 MacBook Pro SC F6 F8 F9 F5 FT FT F2
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