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Lakeside Apartments is a 1,000-unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $228,300. When occupancy dips to 80%, monthly operating

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Lakeside Apartments is a 1,000-unit apartment complex. When the apartments are 90% occupied, monthly operating costs total $228,300. When occupancy dips to 80%, monthly operating costs fall to $222,600. 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 55% 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 55% ? Let's begn by determining the formula that is used to calculate the variable cost (slope) T Variable cost (stope) Now determine the formula that is used to calculate the fixed cost component: 17. Fixed cost Use the high-low method to determine Lakeside's operating cost equation. Use the high-low method to determine Lakeside's operating cost equation. y= Assuming the same relevant range, what should the owner expect her operating costs to be if occupancy falls to 55% ? (Round your answer to the noarest whole dollar) The owner should expect her operaling costs to be if occupancy talis to 55%

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