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You have 50 rooms left to be sold on the night of Thanksgiving at Hotel Fancyname. There are two fares: the discount fare of $100 and a regular fare of $200. Let V(s) denote my optimal expected revenue from s available rooms from today until the night of Thanksgiving. Suppose that you have calculated V(50) = 5000, V(49) = 4920, V(48) = 4820, and V(47) = 4700. Suppose you get 3 customer requests for a discount fare room. How many of these requests will you accept?
Give an example of a direct relationship between two variables? Why is this type of relationship sometimes referred to as a Positive relationship?
Who gains and who loses from free trade among countries, and how do the gains compare to the losses?
What is the biggest disadvantage of using shells as money.
Deforestation Issue in Any one Country- Why this is an issue?- Causes of deforestation?-what measures /policies were adopted to address the issue
Assume that when an economy has a GDP of $500, Consumption is $550. The MPC is .75. Investment is 25. Begin the problem by setting up an Income/Consumption Schedule like the one on page 190 of your text. What is the Break-Even level of Income? What i..
"The ratio of capital accounts to total assists is only one of many factors that indicate the financial condition of a commercial bank." Evaluate this statement
"Managing in the Global Economy and Outsourcing Offshore" Please respond to the following:
1) Mr. Hamid Mohammad is planning to pursue MBA studies. Initial inquiry shows that he will have to pay RM 25,000 as tuition fee, buy books for RM 1000, pay for
Define and explain fiscal policy, explain the difference and workings of expansionary versus contractionary fiscal policy, budget deficit versus budget surplus. Describe excessive increases and decreases in aggregate demand; what do they cause, how d..
State your opinion whether your are Federalist or Anit-federalist whether you agree or disagree with a persuasive opposing stance of your opinion for a newspaper or a political speech to the union address?
Assume a discount rate of 7 percent and calculate the effective rent over three years when net rent charges are $22 in the first year, $37 in the second year
John Richards, CEO of Richards Construction builds custom high end garages for car collectors in a booming community in California. Although sales have slowed because of a national recession, it now looks as if the recession is about to end. Suppose ..
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