Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A motel might shut down due to economic development in the area around it, in my mind the clear choice would be due to the

A motel might shut down due to economic development in the area around it, in my mind the clear choice would be due to the fact that selling would give them more money than any long-term ownership of the motel would give them in revenue. Another reason itself could be that the land as well itself since the area surrounding it is developing and the equity in the land itself makes it inflate therefore giving you more revenue as well If you sell. Costs involved in shutting down the motel itself can include wage costs, ending utility costs, and any variable cost that goes into the motel itself. Can you give me feedback about this topic or response? Any suggestion to make it better?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these Economics questions

Question

Please help me evaluate this integral. 8 2 2 v - v

Answered: 1 week ago

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago