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!
Assignment:
Consider a hospitality and leisure company operating a ski resort that employs distinct pricing strategies for peak (holidays and weekends) and off-peak (weekdays) visits. The demand function during peak time is denoted as ??1 = 550 - 1/2 ??1, while for off-peak time, it is ??2 = 208 - 1/5 ??2. The cost associated with running the ski resort is expressed as (??1 + ??2 ) 2 . Answer the following questions.
a) Solve the firm's profit maximisation problem and find out the maximum profit.
b) Considering the potential environmental impact of a ski resort, the local authorities decide to impose a tax on the overall number of visitors, represented as T= ??(??1 + ??2 ), where ?? is a parameter and T is the total tax revenue generated from this ski business. Given the tax, the company still maximises its profit and the local authorities maximise their tax revenue from this ski resort. What is the maximum profit the company can achieve under these conditions? And what is the maximum tax revenue the local authorities can achieve under these conditions?
c) Rather than imposing a tax linked to the total number of visitors, the local authorities decree that the company bears the cost for their ski resort capacity (K) at a rate of 20 per unit of capacity. The constraints dictate that neither peak nor off-peak number of visitors can surpass this capacity. Using KKT conditions, explore all conceivable scenarios and determine the optimal number of capacity units the company should pay for, along with the corresponding charges for peak and off-peak time visitors. What is the maximum profit the company can achieve under these conditions?
Determine the political, economic, social, and capital risks associated with doing business in China. What are the most important factors to consider? Why?
Describe several types of building construction. Explain modern construction techniques. List common materials used in building construction. Explain the impact of fire in buildings.
Emirates College of Technology - Label the curves and show equilibrium price and equilibrium quantity and Define the surplus and shortage
a monopolist has a marginal cost of 22 and faces a demand curve of qd280-7p.i solve the monopolists profit maximization
Paper based on a current events news story related to economics - You should choose a news article dated within the previous two months and analyze the issue or issues discussed in the new article using economic concepts from class.
Identify and research a specific company within this industry. What do you believe could be done to lower the barriers to entry into this industry?
Please expand on the text's given definition, using other relevant terms from the chapter, and also give a practical example of that key concept. Please don't simply supply the text definition
A company producing laptops and decoders has introduced new technology to improve production of laptops using lesser/fewer resources.
In the chapter we talked about the problem of lags in discretionary fiscal policy. What does the Solana case tell us about this issue?
Define/explain the MRT and the MRS. Make sure to specify the similarities and contrasts including the major difference between the two ratios.
Use the rule of 72 to estimate the doubling time (in years) for an interest rate of 3%, compounded annually. Then calculate it exactly.
GMO-free soybeans cost about $2 per bushel more than GMO soybeans. How many hours does someone have to work to pay that premium in the U.S.
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