Author Question: You are living on campus and are considering moving off campus. You have found a two-bedroom ... (Read 75 times)

am7272 · **on:** Feb 5, 2023

Question 1

You and two friends decide to rent an apartment off campus. You have found an apartment for $750 per month. You and your two friends will share the rent equally. This is an example of a
◦ fixed cost.
◦ variable cost.
◦ mixed cost.
◦ step cost.

Question 2

You are living on campus and are considering moving off campus. You have found a two-bedroom apartment for $1,200 per month, but you cannot afford that much rent. You are considering inviting up to three of your friends to become your roommates. The relationship between the number of roommates, the total cost, and the cost per person is:

Number of Roommates

Total Cost

Cost per Person

1	$1,200	$1,200
2	1,200	600
3	1,200	400
4	1,200	300

This is an example of a
◦ fixed cost.
◦ step cost.
◦ variable cost.
◦ mixed cost.

dianagarcia · **Reply #1 on:** Feb 5, 2023

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