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What do you expect your monthly operating costs tobe

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Question - Say you own a 500-unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $200,000. When occupancy dips to 80%, monthly operating costs fall to $197,000. A nearby manufacturing plant has just announced that it will close in three months. Since many residents will lose their jobs and move away, you fear occupancy may drop to 60%. If this happens, what do you expect your monthly operating costs tobe?

A. $216,500

B. $168,800

C. $191,000

D. $173,000

E. $133,333

Reference no: EM132097879

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