Reference no: EM132663267

Problem 1: Apartments is a 600?-unit apartment complex. When the apartments are? 90% occupied, monthly operating costs total $200,240. When occupancy dips to? 80%, monthly operating costs fall to $196,880. The owner of the apartment complex is worried because many of the apartment residents work at a nearby manufacturing plant that has just announced it will close in three months. The apartment owner fears that occupancy of her apartments will drop to 65?% if residents lose their jobs and move away. Assuming the same relevant? range, what can the owner expect her operating costs to be if occupancy falls to 65?%?