Use the Information Below to Answer the Following Question(s)

question 62

Multiple Choice

Use the information below to answer the following question(s) :
Mountaintop golf course is planning for the coming season. Investors would like to earn a 12% return on the company's $45 million of assets. The company primarily incurs fixed costs to groom the greens and fairways. Fixed costs are projected to be $20,000,000 for the golfing season. About 400,000 golfers are expected each year. Variable costs are about $15 per golfer.
-If the Mountaintop golf course is a price-taker and won't be able to charge more than its competitors who charge $75 per round of golf. What profit will it earn in terms of dollars?

• A) $16,000,000
• B) $(4,000,000)
• C) $4,000,000
• D) $(20,000,000)

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Definitions:

Subconscious Awareness

Subconscious Awareness describes the part of the mind that operates below the level of conscious thought, influencing behaviors and perceptions without direct awareness.

Daydreaming

The act of a spontaneous and self-generated cognition and imagery, often unrelated to the immediate environment, allowing for creativity and problem-solving.

Arousal

A physiological and psychological state of being awake or reactive to stimuli, often referring to sexual excitement as well.

Awareness

The state or ability to perceive, feel, or be conscious of events, objects, or sensory patterns.