The monthly rent on an 80​-square-meter apartment in Monte​ Carlo, Monaco, is 1100 euros. The monthly rent on a 400​-square-foot apartment in Santa​ Fe, New​ Mexico, is ​$750. In terms of price per​ area, which apartment is less​ expensive?
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Part 1
The Monte Carlo apartment costs ​$
  
enter your response here per square foot and the Santa Fe apartment costs ​$
  
enter your response here per square foot.​ Therefore, the apartment in 
▼ 
Santa Fe
Monte Carlo
 is less expensive.
​(Round to the nearest cent as​ needed.)

To compare the prices per area for both apartments, we need to calculate the cost per square foot for each.

### Steps:
1. **Convert the Monte Carlo apartment's area from square meters to square feet.**
    - 1 square meter = 10.7639 square feet.
    - Monte Carlo apartment area = 80 square meters.

\[
80 \, \text{m}^2 \times 10.7639 \, \text{ft}^2/\text{m}^2 = 861.112 \, \text{ft}^2
\]

2. **Calculate the cost per square foot for the Monte Carlo apartment.**
    - Rent in Monte Carlo = 1100 euros.
    - Area = 861.112 square feet.

\[
\text{Cost per square foot (Monte Carlo)} = \frac{1100 \, \text{euros}}{861.112 \, \text{ft}^2} = 1.28 \, \text{euros/ft}^2
\]

3. **Calculate the cost per square foot for the Santa Fe apartment.**
    - Rent in Santa Fe = $750.
    - Area = 400 square feet.

\[
\text{Cost per square foot (Santa Fe)} = \frac{750 \, \text{dollars}}{400 \, \text{ft}^2} = 1.88 \, \text{dollars/ft}^2
\]

4. **Compare the costs:**
   - Monte Carlo: 1.28 euros per square foot.
   - Santa Fe: 1.88 dollars per square foot.

At this point, we need to know the exchange rate to compare euros and dollars directly. However, assuming the conversion rate is roughly 1 euro ≈ 1.05 USD (as of 2023 rates), let's convert the Monte Carlo cost to dollars:

\[
1.28 \, \text{euros/ft}^2 \times 1.05 = 1.344 \, \text{USD/ft}^2
\]

Thus, Monte Carlo costs about **$1.34 per square foot**, while Santa Fe costs **$1.88 per square foot**.

### Conclusion:
The Monte Carlo apartment is less expensive per square foot than the Santa Fe apartment.

---

Would you like any further clarifications or details on the calculations? Here are some related questions you might find useful:

1. How would the total rent differ if both apartments had the same area?
2. What would happen if the exchange rate changes?
3. How do you convert from square feet to square meters?
4. What factors affect rent prices in different locations?
5. How would other living costs compare between Monte Carlo and Santa Fe?

**Tip:** When comparing prices in different currencies, always check for the most up-to-date exchange rates!

The monthly rent on an 80​-square-meter apartment in Monte​ Carlo, Monaco, is 1100 euros. The monthly rent on a 400​-square-foot apartment in Santa​ Fe, New​ Mexico, is ​$750. In terms of price per​ area, which apartment is less​ expensive?

Compare the price per square foot of a Monte Carlo apartment (80 m², 1100 euros) with a Santa Fe apartment (400 ft², $750). Learn how to calculate rent per square foot and use exchange rates for an accurate comparison.

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