Answer:
the current total contribution margin = 100 x 60% x ($80 - $20) = $3,600 per day
scenario 1: $10 discount
$3,600 = 100 x ?% x ($70 - $20)
$3,600 = $5,000 x ?%
$3,600 / $5,000 = ?%
occupancy rate = 72%
scenario 2: 10% discount
$3,600 = 100 x ?% x ($72 - $20)
$3,600 = $5,200 x ?%
$3,600 / $5,200 = ?%
occupancy rate = 69.23%
Answer: MRP is a term used in data warehousing to refer to a system that is used to process the day-to-day transactions of an organization. These systems are designed in a manner that processing of day-to-day transactions is performed efficiently and the integrity of the transactional data is preserved.
Explanation: Based on the findings from Young it showed that his management runs an inefficient system that has no accountability and modes of operation in bench marking staff operations on a daily and monthly basis. 2. Records for business transactions should be automated to cushion fraudulent practice from staff or management.
Answer:
Nash Equilibrium : Each player at best strategy action, given other player strategy action.
Nash Equilibrium for Saudi Arabia, Kuwait : {High Output, High Output}
Explanation:
Considering the pay off matrix for Kuwait & Saudi Arabia, for making low or high output , to be : [First payoff Saudi, Second Payoff Kuwait]
Kuwait
Low Output High Output
Saudi Arabia Low Output (120,10) (80,20)
High Output (105,8) (90,15)
Nash Equilibrium is a game theory concept, determined at the - best strategy action for each player, given other player's strategy action.
In this case :
- If Saudi Arabia plans <u>low</u> output, its better for Kuwait to produce <u>high</u> output, [(20 > 10) in first row - saudi's low output]
- If Saudi Arabia plans <u>high</u> output, its better for Kuwait to produce <u>high </u>output [ (15 > 8) in second row - saudi's high output]
- Saudi is better to chose <u>low</u> output, if Kuwait plans for <u>low</u> output [(120 > 105) in in first column - Kuwait's low output]
- Saudi is better to chose <u>high</u> output, if Kuwait plans for <u>high </u>output [(90 > 80) in second column - Kuwait's low output]
So, its best for Saudi Arabia to produce high output if Kuwait produces high output. Its also best for Kuwait to produce high output if Saudi Arabia produces high output.
Hence {High Output, High Output} is the Nash Equilibrium.
