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Q1. The Hilton Hotel chain serves both business and vacation travelers. D Business and MR Business represent the demand and marginal revenue for business travelers, while D Vacation and MR Vacation are the demand and marginal revenue for vacation travelers.What price should the Hilton charge VACATION travelers?
Q2. Explain the types of incentives for providers for efficiency in the delivery of healthcare services. Enlighten who bears the financial risk the patient, the provider also the consumer-driven health plan itself.
What is an LU decomposition of a matrix and how can it be used to solve a system of linear equations. What is a Cholesky decomposition of a matrix.
Suppose that workers can be hired competitively at a wage of $200. Explain how many workers will they hire at this wage.
q.the production department of a firm reported the following information for the month of may 2005.rs. wage bill 20000
Show whether or not the above production function exhibits diminishing marginal productivity of labor. Determine the nature of the Return to Scale as exhibited by the above production function.
If the decision is to be based on maximum expected value, what should be done?
Elucidate how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.
What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country’s long-term debt, what would it be and why?
What are the major institutional changes that take place with economic development? Are these institutional changes causes or mere correlations of growth? Or is growth a cause of institutional change?
Explicate why the government expenditure multiplier is different from the tax multiplier.
U.S. Airways experienced huge losses for several years in the 1990s, yet it continued to operate its fleets.
Suppose the demand function is Qxd = 100 - 5Px + 2Py - M. If Px = $4, Py = $2, and M = $50, what is the cross-price elasticity of good x with respect to the price of good y?
Demonstrate the impact of a government price control set at P = $10. Demonstrate by number and in the graph. Discuss your answer.
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