Suppose that the cost of operating a 100-room hotel for a night is $10,000, whether or not there are any guests are the hotel. suppose that there are 5 empty rooms for tonight. if the marginal cost of operating one room for one night is $30 and the customer is willing to pay $60 for the night, the hotel manager

a. rent the room because the marginal benefit exceeds the marginal cost.

b. rent the room because the marginal benefit exceeds the average cost.

c. not rent the room because the marginal benefit is less than the marginal cost.

d. not rent the room because the marginal benefit is less than the average cost.

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?

The adjusted trial balance for china tea company at december 31, 2018, is presented below: