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murzikaleks [220]
1 year ago
14

In June 2016, you travel to France on vacation and stayed at a hotel in Paris. In January 2018, you took another trip to the sam

e hotel for the same number of nights. The price of the room was 300 euros per night, the same as it was on your 2016 trip. The cost of your hotel bill on the 2018 trip (in U.S. dollars) compared to the cost of the 2016 trip was _____.
Business
1 answer:
sergiy2304 [10]1 year ago
8 0

In 2018, your hotel bill in dollars compared to the cost in 2016 would have been <u>more</u>.

<h3>Why would the cost be higher?</h3>

In the year 2016 the U.S. dollar could buy more Euros that it could in the year 2018.This means that the Euro got stronger.

With the Euro being stronger in 2018 than it was in 2016, spending in Euros would attract more U.S. dollars being spent so the cost of the hotel bill would have been more in 2018.

Find out more on exchange rates at brainly.com/question/1297745.

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With its current levels of input use, a firm's MRTS is 1/3 (when capital is on the vertical axis and labor is on the horizontal
bixtya [17]

Answer: A. the firm could produce 3 more units of output if it increased its use of capital by one unit (holding labor constant).

Explanation:

The Marginal Rate of Technical Substitution(MRTS) is calculated as follows:

= Marginal product of labor / Marginal product of capital

= 1 / 3

Marginal product of labor = 1

Marginal product of capital = 3

This means that if one unit of labor is used, it produces 1 unit of output.

If one unit of capital is used however, it produces 3 units of output.

If a firm therefore used one unit of capital and kept labor constant, it could produce 3 units out output.

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2 years ago
Kathryn is looking for ideas on how best to grow her small business. She and her three partners sit down to brainstorm suggestio
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Answer:

B

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5 0
3 years ago
5. The best way to find out if a particular business is a good fit for you is to
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Answer:

A

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5 0
2 years ago
Read 2 more answers
he Assembly Department of​ ByteSize, Inc., manufacturer of​ computers, incurred $ 260 comma 000 in direct material costs and $ 7
Mkey [24]

Answer:

<em>Cost per equivalent unit  for conversion cost = $116.66</em>

<em>                                      </em>

Explanation:

<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required to a complete a set of work  is done in the period under consideration.So there is no separation of the completed units into opening inventory and fully worked. </em>

To determine the cost per equivalent unit, we use the formula below:

<em>Cost per equivalent unit = $70,000/600</em>

<em>                                        = $116.66</em>

<em />

8 0
2 years ago
Read 2 more answers
The margin of safety ratio is computed as actual sales divided by break-even sales. is used to determine the break-even point. i
max2010maxim [7]

Answer:

indicates what percent decline in sales could be sustained before the company would operate at a loss.

Explanation:

Since, Margin of safety ratio = Expected Sales - Break even sales

therefore,

The correct statement is : The margin of safety ratio indicates what percent decline in sales could be sustained before the company would operate at a loss.

8 0
3 years ago
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