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Legal definition and regulations by the U.S. Bureau of the Census require properties of 500 rooms or more to be called Hotels; those of 50 rooms or less to be called Motels; and those in between to be called Motor Inns or Motor Hotels. True or False The ethnic distribution (Caucasians, Blacks, Asians, etc.) of the lodging industry's workforce is almost identical to the ethnic distribution of the American population. True or False The authors define total quality management or customer service management as an attitude that has every employee like a concierge and thinking like a manager. True or False
Determine how the following situations will affect the demand curve for ipods.
Calculate the total social marginal benefit function and what is the socially efficient number of computer movie files?
Assume that the consumption schedule for a private open economy is such that consumption C = 50 + 0.8 Y . Assume further that planned investment I g and net exports X n are independent of the level of real GDP and constant
Calculate her utility maximizing choice of food and clothing and calculate the level of utility her optimal consumption bundle gives to her.
a project proposal for a new product will require a buildup of 50000 of inventory in year 0 before sales are started.
Defenders of Communist economic systems may point out that customers pay lower values for certain goods because government imposes a limit on what manufacturer may charge.
What is the new profit maximizing output level and how many workers are hired at this level
it is unfair but true that bad things happen. unfortunately when people expect bad things to happen they often make
a. Define the Bertrand model and its assumptions. Explain why the model predicts the perfectly competitive outcome despite the number of sellers. Discuss the limitations of the model.
Explain why the assumption of imperfect competition is necessary for endogenous growth models. How might well enforced intellectual property rights actually lead to divergence rather than convergence?
A $2.50 decrease in the price of the $17 salmon entrée increased sales from 40 to 75 meals per week. Which entree should he choose to put on sale?
Estimates of the maximum amounts of output possible with different combinations of two input factors, X and Y.
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