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

question 265

Multiple Choice

Use the information below to answer the following question(s) .
Express Bus Company operates a bus route that takes passengers from Cleveland to Chicago every day. Assume the bus tickets sell for $50 per rider; the bus line's variable costs are $35 per rider; and its fixed costs are $75,000 each month.
-What is the contribution margin per rider at Express Bus Company?

• A) $15.00
• B) $0.30
• C) $35.00
• D) $3.33

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Definitions:

Jurisdiction

The official power to make legal decisions and judgments, often within a defined area or over certain types of cases.

Original Jurisdiction

The authority of a court to hear a case for the first time, rather than on appeal.

Lower Courts

Courts of law that have limited jurisdiction and power compared to higher courts, often responsible for hearing initial cases and appeals.

Law Clerks

Individuals, often recent law school graduates, who assist judges by researching legal issues, drafting opinions, and performing other clerical tasks.