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

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
icon
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
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning