Answer:
Detailed step-wise solution given in the table attached.
Answer:
$8
Explanation:
Fixed cost is the cost that does not vary with output. It is the cost incurred even if output it zero - if no unit of output is produced.
fixed cost = average fixed cost x output
The fixed cost is $24. this is the cost incurred when output is zero
Average fixed cost = $24/3 = $8
The answer would be (D); Setting acceptable costs and then setting the price.
Answer:
Place an ad in the in-flight magazines of all the major airlines targeting business/first-classfliers.
Explanation:
As for the information provided,
Arizona Biltmore is a hotel and most of its potential conventional attendees will come from other states that means they will come from flights majorly.
Now, the best advertisement strategy or promotional strategy will ensure the maximum benefit to the hotel.
For this advertisement in flights is best as that in the flight itself will provide the potential attendees the information and awareness about the best stays for them.
