ou are looking for a new apartment in Manhattan. Your income is $4,000 per month, and you know that you should not spend more than 25 percent of your income on rent. You have come across the following listing for one-bedroom apartments on craigslist. You are indifferent about location, and transportation costs are the same to each neighborhood. Chelsea $1,200 Battery Park $2,200 Delancey $950 Midtown $1,500 Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. a. Which apartments fall within your budget? Chelsea Battery Park Delancey Midtown b. Suppose you adhere to the 25 percent guideline but also receive a $1,000 monthly cost-of-living supplement since you are living and working in Manhattan. Which apartments fall within your budget now? Chelsea Battery Park Delancey Midtown
Only typed answer and please don't use chatgpt
You are looking for a new apartment in Manhattan. Your income is $4,000 per month, and you know that you should not spend more than 25 percent of your income on rent. You have come across the following listing for one-bedroom apartments on craigslist. You are indifferent about location, and transportation costs are the same to each neighborhood.
| Chelsea | $1,200 | |
| Battery Park | $2,200 | |
| Delancey | $950 | |
| Midtown | $1,500 |
Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.
a. Which apartments fall within your budget?
| Chelsea | |
| Battery Park | |
| Delancey | |
| Midtown |
b. Suppose you adhere to the 25 percent guideline but also receive a $1,000 monthly cost-of-living supplement since you are living and working in Manhattan. Which apartments fall within your budget now?
| Chelsea | |
| Battery Park | |
| Delancey | |
| Midtown |
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
