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RoseWind [281]
3 years ago
5

What is the true about the cost of providing room service meals? The cost is equal to that of providing the dining room service

The cost is higher than that of providing dining room service The cost is lower than that of providing dining room service The cost is lower than that of providing dining room service but the cost is more than offset due to the higher prices charged for menu items served in the dining room
Business
1 answer:
Andrei [34K]3 years ago
4 0

Answer:

The cost is higher than that of providing dining room service

Explanation:

The single extra cost associated with providing 24 hour room service is full kitchen staff available 24/7. This is basically why room service is so expensive and at the same time makes hotels lose money. The only reason why most hotels keep offering it is that everyone else does.

It is basically an amenity that is very expensive for the customer and even more expensive for the hotel. Imagine having a full kitchen staff just to prepare 1 or 2 sandwiches. The cost of the sandwich is ridiculous and they cannot charge it completely either.

Generally the price of the food only covers the cost of the ingredients plus the cost of the room service clerk.

When the hotel provides dining room service they generally prepare 50 or more dishes, so the fixed costs are divided by many customers.

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Two economists from Ohio University estimated that the demand curve for kerosene in Indonesia was such that a 10 percent increas
zmey [24]

Answer:

C) i and ii

Explanation:

Price elastic of demand (PED) of kerosene = 2.2% / 10% = 0.22 price inelastic demand

When two products are substitutes, an increase in the price of one of the products will not only reduce the quantity demanded of that product, but it will also increase the quantity demanded of its substitute products. In this case, an increase in the price of electricity, increases the quantity demanded for kerosene, which means that they are both substitute products.

5 0
3 years ago
The united states economy spends about as many months in recession as it spends in expansion. True or False
kobusy [5.1K]

Answer:

I think the answer will be true

8 0
3 years ago
After a recession when the economy starts to expand again, firms tend to?
labwork [276]

After a recession when the economy starts to expand again, firms tend to increase share repurchases faster than they increase dividends.

An economy is the area of ​​production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

Economy is defined as the management of community, business, or family financial matters. An example in economics is the US stock market system.

The economy is the system in which goods are produced and exchanged. Without a viable economy, the nation will collapse. There are three main types of economy: free market, command economy and mixed economy.

Learn more about economy here:brainly.com/question/1106682

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6 0
2 years ago
Majestic Homes' stock traditionally provides an 7% rate of return. The company just paid a $2 a year dividend which is expected
liberstina [14]

Answer:

$52

Explanation:

Data provided as per the question

Recent dividend = $2

Market rate of return = 8%

Growth Rate = 4%

(Its expected to increase so it will be (1 + 4%) = 1.4%

The computation of price is shown below:-

Price = Recent dividend × (1 + Growth rate ) ÷ (Cost of equity - Growth rate)

= ($2 × 1.04) ÷ (0.08 - 0.04)

= $2.08 ÷ 0.04

= $52

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3 years ago
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