Business, 16.06.2021 14:40, kids2006

Importance of the different types of elasticity

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Business, 22.06.2019 07:50, kristinaholahan

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Business, 22.06.2019 12:30, dtrdtrdtrdtrdrt1325

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

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Importance of the different types of elasticity

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