In: Economics
In: Economics
In: Civil Engineering
How can a hotel sales representative identify who is responsible for purchasing meeting space, banquets, and rooms for corporate travelers in the corporate headquarters of an insurance company?
In: Accounting
For the next four questions, consider the following table of a city consisting of five districts that is debating where to build a new stadium and a free public wifi network. The table shows the benefit (positive) or harm (negative) in each city district from doing these projects.
The socially best outcome (highest total benefit to the whole city) is to
Question 11 options:
|
build the stadium but not the wifi network. |
|
|
build the wifi network but not the stadium. |
|
|
build both the wifi network and the stadium. |
|
|
build neither the wifi network nor the stadium. |
If there is no vote trading and the representative for each district votes on each project separately to maximize benefit to his or her own district, then
Question 12 options:
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neither the wifi network nor the stadium will be built. |
|
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only the wifi network will be built. |
|
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only the stadium will be built. |
|
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both the wifi network and the stadium will be built |
Suppose that both proposals are voted on as a package (a representative can vote yes or no to the package of both proposals, but not yes or no on each project individually). Representatives vote to maximize the benefit to their own districts. The outcome of this voting will be to
Question 13 options:
|
build the stadium but not the wifi network. |
|
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build neither the wi-fi network nor the stadium. |
|
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build the wi-fi network but not the stadium. |
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build both the stadium and the wifi network. |
Suppose that the district 4 will have a harm of -50 from the wi-fi network instead of a benefit of 300. In this case, the representative for district 3 will vote against the wi-fi network when projects are voted on individually (so neither one gets built). Now suppose that the district 4 representative offers to vote yes on the wi-fi network if the representative from district 2 votes yes on the stadium. Which of the following is correct?
Question 14 options:
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None of the other answers is correct. |
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The representative from district 2 will agree to the trade, but neither project will get built. |
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The representative from district 2 will agree to the trade, so both will get built. |
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The representative from district 2 will never agree because the stadium harms district 2, so neither project gets built. |
In: Economics
Key definition:
the four types of agglomeration economics
Resources Vs Market oriented firms
central park theory
labor pooling
urban utility curve
In: Economics
Key definition:
the four types of agglomeration economics
Resources Vs Market oriented firms
central park theory
labor pooling
urban utility curve
In: Economics
The builder of a new movie theater complex is trying to decide
how many screens she wants. Below are her estimates of the number
of patrons the complex will attract each year, depending on the
number of screens available.
| Number of screens | Total number of patrons |
| 1 | 40,000 |
| 2 | 65,000 |
| 3 | 85,000 |
| 4 | 100,000 |
| 5 | 110,000 |
After paying the movie distributors and meeting all other
noninterest expenses, the owner expects to net $2.5 per ticket
sold. Construction costs are $1,000,000 per screen.
Instructions: Enter your responses as whole numbers.
a. Make a table showing the value of marginal product for each
screen from the first through the fifth.
| Number of screens | Value of marginal product |
| 1 | $ |
| 2 | $ |
| 3 | $ |
| 4 | $ |
| 5 | $ |
What property is illustrated by the behavior of marginal
products?
Diminishing returns to capital
Increasing returns to capital
Negative returns to capital
b. How many screens will be built if the real interest rate is 5.5
percent?
screen(s)
c. How many screens will be built if the real interest rate is 7.5
percent?
screen(s)
d. How many screens will be built if the real interest rate is 10
percent?
screen(s)
e. If the real interest rate is 5.5 percent, what is the highest
construction cost per screen that would make a five-screen complex
profitable?
$
In: Economics
The builder of a new movie theater complex is trying to decide
how many screens she wants. Below are her estimates of the number
of patrons the complex will attract each year, depending on the
number of screens available.
| Number of screens | Total number of patrons |
| 1 | 40,000 |
| 2 | 75,000 |
| 3 | 105,000 |
| 4 | 130,000 |
| 5 | 150,000 |
After paying the movie distributors and meeting all other
noninterest expenses, the owner expects to net $2.5 per ticket
sold. Construction costs are $1,000,000 per screen.
Instructions: Enter your responses as whole numbers.
a. Make a table showing the value of marginal product for each
screen from the first through the fifth.
| Number of screens | Value of marginal product |
| 1 | $ |
| 2 | $ |
| 3 | $ |
| 4 | $ |
| 5 | $ |
What property is illustrated by the behavior of marginal
products?
Diminishing returns to capital
Increasing returns to capital
Negative returns to capital
b. How many screens will be built if the real interest rate is 5.5
percent?
screen(s)
c. How many screens will be built if the real interest rate is 7.5
percent?
screen(s)
d. How many screens will be built if the real interest rate is 10
percent?
screen(s)
e. If the real interest rate is 5.5 percent, what is the highest
construction cost per screen that would make a five-screen complex
profitable?
In: Economics
The Fairmont Hotel in San Francisco needs to replace its air conditioning system. There are two alternatives, both of which can do the job equally well:
| Machine name | AC 1 | AC 2 |
| Purchase price | $40,000 | $60,000 |
| Operating cost (end of each year) | $17,000 | $8,000 |
| Useful life (years) | 4 | 6 |
| Straight line depreciation to zero over (years) | 4 | 6 |
| Salvage value at end of useful life | $0 | $0 |
The relevant discount rate is 10% and the marginal tax rate is 35%.
What is the operating cash flow for AC 1 per year?
What is the equivalent annual cost for AC 1 (in absolute
terms)?
What is the operating cash flow for AC 2 per year?
What is the equivalent annual cost for AC 2 (in absolute
terms)?
In: Finance