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

question 31

Multiple Choice

Jacob 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 Jacob, the contribution per unit is

• A) $100.
• B) $80.
• C) $800.
• D) $1,000.
• E) It cannot be determined from the information provided.

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Definitions:

Transitioning

The process of changing from one state, condition, or activity to another; frequently used in the context of gender, describing the process someone undergoes to live as their self-identified gender.

Homophobia

Prejudice or discrimination against individuals who are homosexual or perceived to be homosexual.

Heterosexism

A system of attitudes, bias, and discrimination in favor of opposite-sex sexuality and relationships, often marginalizing LGBTQ+ individuals.

Biphobia

Prejudice, fear, or hatred toward bisexuality or bisexual individuals, often manifesting in discrimination or stigmatization.