Antoine Rents Rooms in His Hotel for an Average of $100

question 58

Multiple Choice

Antoine rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000. For Antoine, the contribution per unit is

• A)$100.
• B)$80.
• C)$800.
• D)$1,000.
• E)$40

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Definitions:

Clinical Research

The study of individuals or small groups of people who seek help from mental health professionals or other social scientists.

Case Studies

In-depth investigations of a single person, group, event, or community over a period of time, used in various scientific and academic fields to gather detailed information.

Secondary Data

Data that was collected by someone else or for a purpose other than the current research project.

Independent Variable

In an experiment, the variable that is manipulated or changed to observe its effects on the dependent variable.