Myrtle beach, south carolina, with its famous grand strand and calabash seafood, is line with…

Myrtle beach, south carolina, with its famous grand strand and calabash seafood, is line with…

Myrtle beach, south carolina, with its famous grand strand and calabash seafood, is line with virtually identical motels. Summertime rates run about $200 a night. during the winter, one can find rooms for as little as $50 a night. Assume the average fixed cost of a room per night, including insurance, taxes, and depreciation, is $50. The average guest-related cost for a room each night, including cleaning service and linens, is $45. Would these motels be better off renting rooms for $50 in the off-season or shutting down until summer?

Using the “CHECKPOINT” Box discussion on page 223 of the text, answer this question “How can I use this concept during my next roadtrip or vacation?”. (By the by, I’ve done this; it works) Use economic thought concerning costs and market structure to reinforce your explanation of your opinion.

Myrtle beach, south carolina, with its famous grand strand and calabash seafood, is line with…

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