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Marginal Marginal Peak Off-Peak Quantity of Capacity Operating Marginal Marginal Peak Off-Peak Resort Units Cost Cost Revenue Revenue Demand Demand 150 $5,000 $1,000 $8,000 $2,000
Marginal Marginal Peak Off-Peak Quantity of Capacity Operating Marginal Marginal Peak Off-Peak Resort Units Cost Cost Revenue Revenue Demand Demand 150 $5,000 $1,000 $8,000 $2,000 $10,000 $2,500 200 $5,000 $1,000 $7,500 $1,500 $6,000 $2,000 250 $5,000 $1,000 $6,700 $1,000 $7,800 $1,750 300 $5,000 $1,000 $6,000 $750 $7,000 $1,250 350 $5,000 $1,000 $5,000 $500 $6,250 $1,000 The table above summarizes Gorgeous Sands Resort's marginal capacity cost, marginal operating cost, peak marginal revenue, off- peak marginal revenue, and its peak and off- peak demand for its resort units. 46) Refer to the table above. What is Gorgeous Sands Resort's long- run marginal cost? 46) A) $4,000 B) $1,000 C) $6,000 D) $5,000 47) Refer to the table above. What is Gorgeous Sands Resort's long-run average cost? 47) - A) $1,000 B) $3,000 C) $6,000 D) $5,000
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