The Country Fields Retirement Community charges $6,000/month for a single senior citizen t

SoccerBoss
Category:
Economics
Price: $5 USD

Question description

The Country Fields Retirement Community charges $6,000/month for a single senior citizen to reside in 

an efficiency apartment with assisted living care. The efficiency apartment building within the 

Community has operating expenses of $600,000 per month. Staffing levels are dependent on the number 

of residents. Each senior who enters assisted living care requires additional food, personal care, and 

support staff time. The estimated cost for providing service to each person within the efficiency 

apartment building is $4,000 per person per month. 

a) Write out a mathematical expression for the Total Cost.

b) Write out a mathematical expression for the Total Revenue.

c) How many senior citizen residents of the efficiency apartments does the facility need to have in 

order to reach the breakeven point? 

d) What is the company’s annual profit or loss on the efficiency apartments if they maintain an 

average residency level of 350 senior citizens? 


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UCLA
PREMIUM TUTOR
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors