Illustrate what is the total consumer surplus per night

Assignment Help Business Economics
Reference no: EM1363467

Suppose the price of a hotel room in San Diego averages $200 per night. At that price suppose 30,000 people stay in hotel rooms on an average night in San Diego. If the average level of consumer surplus for each hotel guest equals $24, what is the total consumer surplus per night?

Reference no: EM1363467

Questions Cloud

Relationship between integrity and repeat business : What do you feel is the correlation between repeat business and the image of integrity? How does this effect referrals for new sales?
Costs allocated to ending inventories : Determine the predetermined overhead rate. Compute the total cost of the two ending inventories. Compute cost of goods sold for the year (assume no beginning inventories and no underapplied or overapplied overhead).
Pros and cons of regional heath information organizations : Assess the pros and cons of Regional Heath Information Organizations (RHIOs) in achieving the goals of the National Health Information Network (NHIN).
Find the angular speed after the grindstone : find the angular speed after the grindstone. what must be its minimum mass so that material on its surface remains in place during the rapid rotation.
Illustrate what is the total consumer surplus per night : If the average level of consumer surplus for each hotel guest equals $24, illustrate what is the total consumer surplus per night.
Caring patients in a cost effective and efficient way : Health care continues to create new services to provide care to patients that are cost effective and efficient. With the aging population, more emphasis is being place on skilled nursing facilities (nursing homes), assisted living facilities (ALFs..
Find the angle the string makes with the vertical : Find out the angle the string makes with the vertical.what is the maximum voltage that can be applied across the whole network.
Create visual logic flow chart-calculate pay of employees : The user will then be able to continue calculating the pay for additional employees until the user decides to stop or until the maximum number of employees is reached. Create a Visual Logic Flow Chart.
Explain what would their total recruiting cost be : Explain what would their total recruiting cost be and Assume Digby spends the same amount extra above the $1,000 recruiting base as they did last year.

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what three most important aspects of society

If you had to create an instrument that measured the prosperity of a nation, Illustrate what would be the three most important aspects of the society you would include.

  Global expansion and affiliates aboard

It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company

  Outline the methodology of studying economics also utilize

Outline the methodology of studying economics also utilize examples in your conversion.

  Presenting the required level of outpu.

Explain the solution to the firm's cost-minimization difficulty ever occur off the iso-quant representing the required level of output.

  Illustrate the opportunity cost between the two goods

Illustrate the opportunity cost between the two goods is always constant. Which of the following combinations of the two goods, X and Y, is it possible for the economy can produce?

  Illustrate what happens when a cheaper product is offered

Illustrate what happens when a cheaper product is offered due to Impact of Government Imposed Price Ceiling that is below the equilibrium price.

  How impact of those mergers on industry on consumers

To assess the impact of those mergers,on industry on consumers and on society as a whole.

  Explain the entities affected by social regulation

Explain the entities affected by social regulation. My question is Illustrate what do they mean by the word "entities"?

  Utility function that represents britneys preferences

Write down a utility function that represents Britney's preferences over dresses also hats.

  The number of hours per week supplied to a particular market

the number of hours per week supplied to a particular market by three individuals at various wage rates. Compute the total hours per week supplied to the market.

  Illustrate what kind of gap-inflationary or recessionary

Illustrate what kind of gap-inflationary or recessionary-will the economy face after the shock.

  What type of car should he buy

Many of the miles are on dirt roads. From an asset ownership point of view, what type of car should he buy.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd