Steve rented a room at a hotel for a week. During the week he had to go back home for some family emergency, and therefore had to leave the hotel earlier than planned. He invited a friend to use the room for the duration of the week and the friend did so. A few days later the innkeeper discovered that Steve was no longer occupying the room and evicted his friend. Did the hotel have the legal right to evict the friend?

Yes

Explanation:

According to the question, as Steve has left the booked room of the hotel before the planned date due to some family emergency. So, his friend has occupied the room for the left booked days instead of him .

Hotel does have legal right to put out Steve's friend from the room as it was booked on name and identification of Steve. If Steve had to leave the room due to emergency then also it cannot be occupied by any of his relative or friend in his absence in legal terms. Hotel was also not permitting change of occupant in such condition.    

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marginal cost is a microeconomic measure that us to evaluate the extent to which the level of production of a good is sustainable in accounting, that is, to how many quantities the company plans to profit from the production of the good.

the concept of marginal cost is simple, it means the cost of producing one more item. for example, in the case of pies, the marginal cost is the cost of producing one more pie than those that have already been produced.

it is important to understand that productive activity influences marginal cost. the marginal cost of some goods can be very high, while others may be insignificant. for example, the marginal cost of producing an extra plane is very high. already the marginal cost of a water company to provide 1l more water is derisory.

in the case of pies, the cost involves the inputs, the labor and the fixed cost, which involves the fixed space of the bakery. the level of production initially has the marginal cost decreasing because there is space and manpower available. however, to produce more you have to hire more workers and buy more inputs. if physical space is limited, workers will conflict with places, inputs and their productivity will decrease, meaning there is an optimum point of production for each level of space and manpower. from this point on, the productivity of the workers will be getting smaller because of lack of space, so that the marginal cost of producing one more pie will be increasing. so, although you have not posted the chart, but if you have the answer, you can see that my explanation goes according to the marginal cost curve that will increase from the 4th pie, answer (c).