Use the Following to Answer Questions

question 33

Multiple Choice

Use the following to answer questions
The TLC Motel, which uses the high/low method to estimate its total cost formula, gathered the following data for the first six months of its current fiscal year:

-The estimated total housekeeping cost for a month with 1,400 room rentals is:

• A)$22,012
• B)$21,740
• C)$20,350
• D)$15,715

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Definitions:

Supply

The total amount of a certain good or service that is available to consumers, which can be affected by various factors like price, production costs, and technology.

Bread

A staple food made primarily from flour, water, and yeast or another leavening agent, baked into a variety of forms.

Surplus

An excess amount of a commodity, product, or resource beyond what is needed or utilized.

Substitute Product

An alternative product that serves the same purpose or meets the same need as another.