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In early 2008, you purchased and remodelled a 120-room hotel to handle the increased number of conventions coming to town. By mid-2008, it became apparent that the recession would kill the demand for conventions. Now, you forecast that you will only be able to sell 20,000 room-nights that cost on average $50 per room per night to service. You spent $20 million on the hotel in 2008, and your cost of capital is 10%. The current going price to sell the hotel is $15million. What is your breakeven price? (Please make sure to show the steps to your solution.)
what is a consumption function? describe the graph of a consumption function and explain its shape. if total spending
look at the two tables below which show respectively the willingness to pay and willingness to accept of buyers and
television channel operating profits very from as high as 45 to 55 percent at mtv and nickelodeon down to 12 to 18
Is current U.S.Monetary Policy expansionary or restrictive?Do YOU think that current U.S. Fiscal and Monetary policies should be expansionary or contractionary? Briefly indicate why YOU think this way.
exhibit anbsp demand and marginal utilitypizza piesnbspnbspnbspnbsp compact disksnbspnbspnbspnbsp nbsp moviestotal
An energy management system that can save 7,500 per year for four years, expenses are 2,000 per year, installed at a cost of 20,000. At the end of 4 years it is expected to be sold for 1,250. using the end of year convention, the rate of retur..
When the price of sugar was "low," consumers in the United States spent a total of $1 billion annually on its consumption. When the price doubled, consumer expenditures actually increased to $3 billion annually.
A firm sells specialized electronic computers. Each of the computers has a unique chip produced at a California plant at cost of Cw(Qc)=Q^2 c
Anne faces an uncertain World with two possible states, good and bad. In the good state she has money holding MG and in the bad state, she has money holdings MB. We will write the money bundle M = (MG, MB). The good state is realized with probabil..
1. suppose there exist two identical forest plots except one will be harvested and left while the second will be
1. Under the gold standard, there was penalty for running a payments deficit but no penalty for running a payments surplus.2.The Bretton Woods Agreement was intended, in part, to make adjustment more symmetric between deficit and surplus countries..
Suppose that the average variable cost of the firm is given by AVC(q) = 3 + q. Suppose that the firm"s fixed costs are known to be $3. Will the firm be earning a positive, negative, or zero profit in the short run?
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