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liubo4ka [24]
3 years ago
5

Suppose an ocean-front hotel rents rooms. In the winter, demand is: P_1 = 80 - 2Q_1 with marginal revenue of: MR_1 = 80-4Q_1. Ho

wever, in the summer, demand is: P_2 = 140 - 2Q_2 with marginal revenue of: MR_2 = 140-4Q_2. Furthermore, suppose the hotel's marginal cost of providing rooms is MC = 20 + 2Q, which is increasing in Q due to capacity constraints. Suppose the hotel engages in peak-load pricing. During the winter, the profit-maximizing price is S and the profit-maximizing quantity is rooms. (Enter numeric responses rounded to two decimal places.)
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
6 0

Answer:

The ocean-front hotel maximize the rent at 10 rooms at a price of 60 each

Explanation:

We have to calculate to maximize the winter peak:

we maximize at marginal revenue = marginal cost

MR = 80 - 4q

MC = 20 + 2q

80 - 4q = 20 + 2q

60 = 6q

10 = q

Now we deteminate the cost of a room per night:

P = 80 - 2q = 80 - 2(10) = 60

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bureaucratic control

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3 0
3 years ago
Equate, a brand of health and beauty care products, is available only at walmart stores. equate is a ____ brand.
tatiyna
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7 0
3 years ago
Years ago, the travel industry was controlled by a few large travel companies that booked holidays, air tickets, bus tickets, an
malfutka [58]

Answer:

A. The travel industry changed from a consolidated structure to a fragmented one.

Explanation:

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6 0
3 years ago
A supplier charges 15% interest on past-due amounts. Interest on a $512 account is $10.52. For how many days must the count have
labwork [276]

Answer:

For how many days must the count have been overdue assuming the supplier uses a 365-day year? 50 days

Explanation:

ACCOUNT         512  

% Interest           15%  

Annual interest 76,8  

   

 76,8         365

 10,52 x

   

X=50 days  

4 0
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What should be the price of a common stock paying $3.50 annually in dividends if the growth rate is zero and the discount rate i
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Answer:

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3 0
3 years ago
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