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A hotel in a major metropolitan area has 1500 rooms. The hotel management knows from the past experience that a room rate of $120 a night results in 92 % occupancy. It is also known that a 5 % increase in rate leads to a 3 % decline in the occupancy rate. If demand is linear, what rate should the hotel charge to maximize revenue? What would be the occupancy rate?
suppose the recipient of a kidney transplant has stated that she would prefer 5 years of perfect health to the 10 years
Which of the following statements about the financial and real sectors is true? If the financial sector causes more to flow into spending than is saved, most likely: Flows that do not enter the spending stream enter the financial sector in the form o..
Suppose that Dent Carr's long-run total cost of reparing s cars per week is c(s) = 2s^2 + 50. If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximized profits?
there are two contrasting theories of physician behavior. the first is the traditional model and the second is referred
country investment final casenbspthe woman in the dark suit serious women always wear black suits leafed through the
current event1. with an economic perspective write a brief summary of the current event article2. write your opinion
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1. two homeowners indexed by a and b possess the following demand curves for the consumption of landscaping water.
Over the years the market demand for “long-playing records made of polyvinyl has fallen considerably as new technologies replaced the old “lp” yet lps are still available for sale and they sell at price points higher (in some cases much higher) than ..
Critics have argued that if there are strong factor substitution effects, these subsidies could reduce employment in the state. Explain their argument. How does this affect the labor market
Explain the various impacts of an import tariff in small nations vs. large nations. What are the three main reasons governments prefer using a tariff to restrict imports versus quotas?
Traditionally, many public utility companies (such as telephone & electric service providers) have been highly regulated. Thus, they have operated in stable environments, shielded from competition.
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