Which apartments fall within your budget

Assignment Help Microeconomics

Reference no: EM132176998

Question: You are looking for a new apartment in Manhattan. Your income is $4,000 per month, and you know that you should not spend more than 25 percent of your income on rent. You have come across the following listing for one-bedroom apartments on craigslist. You are indifferent about location, and transportation costs are the same to each neighborhood.

a. Which apartments fall within your budget? (Check all that apply.)

b. Suppose that you adhere to the 25 percent guideline but also receive a $1,000 cost-of-living supplement since you are living and working in Manhattan. Which apartments fall within your budget now?

Reference no: EM132176998

Questions Cloud

How many sweaters will she purchase : Suppose the price of a sweater is $15. Julia's benefit from purchasing each additional sweater is given in the table below. Julia gets the most benefit.

Leadership style affect the motivation of employees : How does his leadership style affect the motivation of employees at The Copy Center?

Analyze why getty image embraced agile methodologies : Analyze why Getty Image embraced Agile methodologies. Speculate on the result if Agile methodologies were not embraced in this situation.

Intellectual property has potential value : Intellectual Property has potential value and things of value that are owned by a person or company are assets.

Which apartments fall within your budget : You are looking for a new apartment in Manhattan. Your income is $4,000 per month, and you know that you should not spend more than 25 percent of your income.

Different software for web servers : What are the names of some different software for Web Servers? What do you think about the future of Web Servers?

Explain how to use agile methods to scale the release plan : Explain how to use Agile methods to scale the release plan you developed for retiring the legacy applications.

How and why goods and resources are scarce : Think about how and why goods and resources are scarce. Goods and resources can be scarce for reasons that are inherent to their nature at all times.

Write a positive statement and a normative statement : Would a good economic model be more likely to address a positive statement or a normative statement? Why? Write a positive statement and a normative statement.

User Account

All Pages