Clients are building a midrise apartment community in San Diego. Below are the unit sizes and prices they are proposing at the site (for first floor units). Given that the building will be 7 stories high and we can expect each floor to generate a 1% premium for views, what will the unit prices be on the 7th floor? What is the overall weighted average? Unit Size (SF) 1st Floor sth Floor 7th Floor [Overall Average # of Units 40 500 $1,800 бо 750 $2,200 30 $2,800 1100 20 1300 $3,500 Total/Average: 150 827 s2,387
Clients are building a midrise apartment community in San Diego. Below are the unit sizes and prices they are proposing at the site (for first floor units). Given that the building will be 7 stories high and we can expect each floor to generate a 1% premium for views, what will the unit prices be on the 7th floor? What is the overall weighted average? Unit Size (SF) 1st Floor sth Floor 7th Floor [Overall Average # of Units 40 500 $1,800 бо 750 $2,200 30 $2,800 1100 20 1300 $3,500 Total/Average: 150 827 s2,387
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter5: Network Models
Section5.5: Shortest Path Models
Problem 30P
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1
![Clients are building a midrise apartment
community in San Diego. Below are the unit
sizes and prices they are proposing at the
site (for first floor units). Given that the
building will be 7 stories high and we can
expect each floor to generate a 1%
premium for views, what will the unit prices
be on the 7th floor? What is the overall
weighted average?
Unit Size (SF)
1st Floor
sth Floor
7th Floor
Overall Average
# of Units
40
500
$1,800
бо
750
$2,200
30
$2,800
1100
20
1300
$3,500
Total/Average:
150
827
s2, 387](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1fbc9e93-8a1d-44b0-bb8c-58dcc7728cc3%2F1313d6af-ad0d-4b43-81cf-0a895dc849a1%2Fwoupzhd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Clients are building a midrise apartment
community in San Diego. Below are the unit
sizes and prices they are proposing at the
site (for first floor units). Given that the
building will be 7 stories high and we can
expect each floor to generate a 1%
premium for views, what will the unit prices
be on the 7th floor? What is the overall
weighted average?
Unit Size (SF)
1st Floor
sth Floor
7th Floor
Overall Average
# of Units
40
500
$1,800
бо
750
$2,200
30
$2,800
1100
20
1300
$3,500
Total/Average:
150
827
s2, 387
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