Question 2 (1 point) You run a hospital with 100 rooms. Fixed daily cost is $1000 which includes staff salary, property charges, maintenance etc. Variable cost per room is $10 which includes cleaning, equipment rentals, utility cost etc. You charge $50 per room per day. You sold 30 rooms today, how much revenue did you earn. 1) $5000 2) $1500 3) $500 4) $100 Question 3 (1 point) A restaurant sells pizza at a rate of $10/slice. Expenses for the restaurant include raw material for pizza at $5 per slice, $100 as monthly rental and $50 monthly as insurance. How much is the restaurant contributing to covering their fixed costs or generating profits (contribution margin)? 1) 5 2) 3 3) 2 4) 8