You have the opportunity to live in a 3 bedroom 3.5 bath on Miami Beach in a Luxury Condo or in Laurel Mississippi in a 5-bedroom 7 bath home. Money for either is not an issue. The only stipulation is that you and your present family situation will remain intact. Given your present situation, which would you choose and why? (Students will receive full credit for their completion of the project; steps 2 and 3) 1. Look up property and amenities a. Condo on: unaresidencemiami.com/price-list b. Home on: 2230 Ridgewood Dr, Laurel, MS 39440 (type in address) 2. Look up the community in which EACH is located 3. Solve for the intersection of the two properties (two variable systems of equations using the cost and the Square Footage as the variables) a. Condo: $2.2 million / 1946 sq feet b. House : $.3 million / 4681 sq feet 4. Which would you choose and why?

You have the opportunity to live in a 3 bedroom 3.5 bath on Miami Beach in a Luxury Condo or in Laurel Mississippi in a 5-bedroom 7 bath home. Money for either is not an issue. The only stipulation is that you and your present family situation will remain intact. Given your present situation, which would you choose and why? (Students will receive full credit for their completion of the project; steps 2 and 3) 1. Look up property and amenities a. Condo on: unaresidencemiami.com/price-list b. Home on: 2230 Ridgewood Dr, Laurel, MS 39440 (type in address) 2. Look up the community in which EACH is located 3. Solve for the intersection of the two properties (two variable systems of equations using the cost and the Square Footage as the variables) a. Condo: $2.2 million / 1946 sq feet b. House : $.3 million / 4681 sq feet 4. Which would you choose and why?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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