Answer:
Mrs.Smith should continue to operate the business in the short run but shut down in the long run.
Explanation:
According to the shut down rule, at the profit-maximizing positive level of output, a business in a competitive market should continue to operate in the short-term if the price equals to or is greater than the average variable cost, but should shut down in the long term if the price is less than or equal to total cost. Here,
price = $8.10
avg variable cost = $8.00
avg total cost = $8.25
Mrs.Smith should continue to operate the business in the short run but shut down in the long run.
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Sales: $914,000
Variable Costs: $498,130
Operating Income: $196,000
Contribution Margin Ratio = ?
Formula:
Contribution Margin Ratio = (Sales – Variable Costs) / Sales
Solution:
Contribution Margin Ratio = ( $914,000 - $498,130) /
$914,000
Contribution Margin Ratio = 45.5% (Answer)
<u>Full question:</u>
Brendan travels extensively for his company. He stays at hotels that provide him with a(n) ________ that is imbedded with his personal information as well as a code to unlock his hotel room.
A. smart card
B. credit card
C. automatic key
D. RFID tag
<u>Answer:</u>
He stays at hotels that provide him with a(n) smart card that is imbedded with his personal information as well as a code to unlock his hotel room.
<h3><u>
Explanation:</u></h3>
Smart cards are shifting one of the most prevalent ways to retain a hotel modernized. When it comes to the most advanced technology, smart card systems can be exercised for various functions to enable a hotel to run placidly. Accommodating both customer service and staff to improve operations.
Modernizing your systems can put you a move ahead of the competition, guaranteeing you can allow your visitors the very best service. A smart card can operate as a room key, extended for access to a particular room and other fields such as the gym or spa.
Answer:
the title 2 will be correct
Explanation: