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An owner of an apartment complex took out a mortgage to buy the complex. The amount of mortgage payment comes to $300 per apartment. Maintenance

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An owner of an apartment complex took out a mortgage to buy the complex. The amount of mortgage payment comes to $300 per apartment. Maintenance and utilities are $250 a month for an occupied apartment and zero for unoccupied apartment. If the local rents are lower than the owner expected, what is the lowest rent the owner should ever accept? 1. Consider the market for underground bunkers, Zombie movies have caused a spike in demand. Jennifer's construction company has built 50 bunkers so far this year at a total cost to the company of $8 million. If the company builds a 51st bunker, its total cost will increase to $8.18 million. What is the marginal cost of the 51" bunker

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