A Real Estate Office Handles an Apartment Complex with 60 $- \frac { 1 } { 38 }$

question 57

Multiple Choice

A real estate office handles an apartment complex with 60 units.When the rent per unit is $98 per month,all 60 units are occupied.However,when the rent is $630 per month,the average number of occupied units drops to 46.Assume that the relationship between the monthly rent p and the demand x is linear. Select the equation of the line giving the demand x in terms of the rent p.
?

• A)x = 532p + 62.58
• B)x = -38p - 62.58
• C)x = \(- \frac { 1 } { 38 }\) p + 62.58
• D)x = -38p + 62.58
• E)x = 14p + 62.58

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Definitions:

Merchandise Inventory

Products that a retailer, wholesaler, or distributor has in stock and available for sale.

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold by a company, including material and labor costs.

Perpetual Inventory System

An inventory tracking system where inventory levels are updated in real-time with each sale or purchase transaction, giving a continuous account of inventory on hand.

Perpetual Inventory System

An inventory tracking system that updates item records continuously as transactions occur.