Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help me with these questions, thank you, could you give more details 3:29 1031 VPN @ 67% -F+3;29 < Back Assignment Instruction: Answer each
please help me with these questions, thank you, could you give more details
3:29 1031 VPN @ 67%-F+3;29 < Back Assignment Instruction: Answer each question in complete sentence form. All answers are expected to be complete and address all aspects of the question provided. Answers are to be reasoned and written in an academic language that is appropriate for this grade level. All answers should be approximately 350 to 500 words in length. If you use a resource you are expected to provide a proper citation. Plagiarism, in any form, is not acceptable. You are the owner of a small guest lodge in the Rockies that caters to skiers in the winter and hikers in the summer. Your lodge has 12 double rooms. You must eam $600 per day to meet costs and remain open. You estimate the demand for rooms as follows: Price per Room $80 $60 $40 $20 11 18 15 17 19 11 13 15 17 3 6 12 15 Dl is the number of rooms demanded by skiers during the Christmas and March holidays. D2 is the number of rooms demanded during the rest of the ski season. D3 is the number of rooms dernanded by hikers during the summer. Questions 1. What rate should you charge for rooms? One rate or a variable rate? Use a demand and supply graph to figure it out. 2. How much revenue would you gross per day (rate 3 number of rooms)? Subtract your costs and determine your profit for one day in each season. 3. Can you afford to stay open all year round?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started