(Consider This) an Otherwise Unprofitable Motel Located on a Largely

question 10

Multiple Choice

(Consider This) An otherwise unprofitable motel located on a largely abandoned roadway might be able to stay open for several years by

• A) increasing its nightly room rates.
• B) reducing or eliminating its annual maintenance expenses.
• C) charging room rates that exceed marginal revenue.
• D) eliminating its fixed costs, including its opportunity costs.

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Definitions:

Complex Behavior

Actions or conduct that involve multiple factors, including cognitive, social, and emotional components, making them more sophisticated than simple reflexes.

Homeostasis

The process by which living organisms regulate their internal environment to maintain stable, life-supporting conditions.

Constant Internal State

The concept of maintaining a stable, consistent internal environment in an organism, also known as homeostasis.

An Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli that is unlearned.