Jay estimates his food cost per month is $500if he lives

Chapter , Problem 1-25

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Jay estimates his food cost per month is $500if he lives in the dorm and $450 if he lives in anapartment with three other students. His share ofthe apartment rent and utilities will be$400 permonth. Assume each semester is 41/2months long.Disregard the small differences in the timing of thedisbursements or receipts.(a)What are the three alternatives available to Jay?(b)Evaluate the cost for each of the alternatives.(c)What do you recommend that Jay do?

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