Apartments is a 800-unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $ 218,760. When occupancy dips to 80%, monthly operating costs fall to $ 214,120. 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 70% 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 70%?

Pondv ew artments is a00 un apartment com e w hon e apartments are 90% occup ed month cpera n costs tota $218 760 when occupancy d : 00% m on h operating costs all to 214 20 The o er 0 the apartment comp ex s vom od because many on e apart ment rasidents work at a nearby manu acturing an hat has us announced it w close n hree mon s e apartment owner ears that occup ancy o her apartments w drop o 70% f residen s ose her obs and move away Assum ng the samc re cvan ran e what can the owner cxpect or opcratng costs to be if occupancy falls to 70%? %? Lcts begin by determining the formula that is used to calculate the variable cost (alope Varlahis cast (sicpey) Now delemine the formula that is ued to culale the fixed cost compoment Fbcd cost Use the high-low methed to cetermine Pondview's operating cost equaion d your Assuming the same relevant range, what should the owner expect her operating costs to be if occupancy falso 70%?Round your answer to the nearest whole dolar. if occupancy falls to 70%. The owner should expect her operating coats to be