Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
As the manager of a 60-unit hotel you know that all units are occupied when you charge $80 a day per unit. Each occupied room costs $8 for service and maintenance a day. In addition there is a fixed cost of $400 a day. You have also observed that for every 2x dollars increase in the daily rate above $80, there are x units vacant.
The owner of the property insists that the profit is maximized when all units are occupied. Is she correct in her assessment?
Compute the level of profit when all units are occupied. If her assertion is wrong compute the maximum possible profit that you can earn for her.
Compute the daily rate that you will charge and the number of units that will be occupied and the units that will remain vacant.
If instead of maximizing profit, the owner wants to maximize sales revenue, decide the daily rate and the number of units that will be occupied. Show and describe all your calculations
(Hint: Decide the demand function for hotel rooms for this hotel)
Use the classical (RBC) model
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on t..
Discuss what is, and what is not, included in calculating GDP
Compare the incentives of a deficit nation to undergo international adjustment against those of a surplus nation. Determine who would benefit more and explain your reasoning.
The past or contemporary doctrine of mercantilism?
Due to the size of the current budget deficit in the United States, Congress should make decisions on reducing government expenditures to present a balanced budget. One way to eliminate the deficit is to cut expenditures across the board so that the ..
The company pays a $2 annual cash dividend. After a year has passed the seller cover a short position of $42. Then what is the percentage return on the position?
the number of cups of coffee served at a local tim hortons during the morning rush hour between 7 and 9 am is normally
assume that the banking system has no excess reserves. the combined balance sheet of all chartered banks is in million
Ross Perot added his memorable "insight" to the debate over the North American Free Trade Agreement (NAFTA) when he warned that passage of NAFTA would create a "giant sucking sound" as U. S. employers shipped jobs to Mexico
southwest airlines is adding 100 million a year in new fees. under new rules customers only get a partial refund for
pricing strategy varies significantly across different market structures. the pricing guidelines in a monopoly market
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd