If Gorgeous Sands Resort Has a Constant Marginal Cost of $20,000

question 10

Multiple Choice

If Gorgeous Sands Resort has a constant marginal cost of $20,000 for each resort unit and a constant marginal cost of $500 for operating each resort unit, what is Gorgeous Sands Resort's long- run marginal cost per resort unit?

• A)$19,500
• B)$500
• C)$20,500
• D)$20,000

---

Definitions:

Other People's Resources (OPR)

refers to the strategic use of resources owned by others, such as time, money, or knowledge, to achieve one's objectives.

Corporate Social Responsibility (CSR) Committee

A group within an organization dedicated to overseeing the company's efforts and strategies in being socially accountable to its stakeholders and the public.

Legal Work

Professional tasks involving the application of law or legal procedures by qualified individuals like lawyers or paralegals.

Equity Capital

Funds that are raised by a company in exchange for a share of ownership in the company.