QuadPlex Cinema is the only movie theater in Idaho Falls. The nearest rival movie theater, the Cedar Bluff Twin, is 35 miles away in Pocatello. Thus QuadPlex Cinema possesses a degree of market power. Despite having market power, QuadPlex Cinema is currently suffering losses. In a conversation with the owners of QuadPlex, the manager of the movie theater made the following suggestions: “Since QuadPlex is a local monopoly, we should just increase ticket prices until we make enough profit.”

a. Comment on this strategy. Will it work in short run?

b. Is the Lerner index an appropriate measure for the market power of QuadPlex Cinema? Please explain your answer briefly.

c. What options should QuadPlex consider in the long run?

Q5. You are a theater owner fortunate to book a summer box office hit into your single theater. You are now planning the length of its run. Your share of the film’s projected box office is

R = 10 W -0.25 (W)^2, where R is in thousands of dollars and W is the number of weeks that the movie runs. The average operating cost of your theater is AC =MC = $5 thousand per week.

1. To maximize your profit, how many weeks should the movie run? What is your profit?

You realize that your typical movie makes an average operating profit of $1.5 thousand per week. How does this fact affect your decision in part a above if at all?

Even within a particular chain of hotels, lodging during the summer months can vary substantially depending on the type of room and the amenities offered. Suppose that we randomly select 50 billing statements from each of the computer databases of the Hotel A, the Hotel B, and the Hotel C chains, and record the nightly room rates. The means and standard deviations for 50 billing statements from each of the computer databases of each of the three hotel chains are given in the table.

(a) Find a 95% confidence interval for the difference in the average room rates for the Hotel A and the Hotel C chains. (Round your answers to two decimal places.)
$  to $  

(b) Find a 99% confidence interval for the difference in the average room rates for the Hotel B and the Hotel C chains. (Round your answers to two decimal places.)
$  to $  

(c) Do the intervals in parts (a) and (b) contain the value (μ₁ − μ₂) = 0?

Yes, the interval in part (a) contains (μ₁ − μ₂) = 0.Yes, the interval in part (b) contains (μ₁ − μ₂) = 0.    Yes, both intervals contain (μ₁ − μ₂) = 0.No, neither interval contains (μ₁ − μ₂) = 0.

Why is this of interest to the researcher?

If (μ₁ − μ₂) = 0 is contained in the confidence interval, it is implied that the room rate for one of the hotels was $0.If (μ₁ − μ₂) = 0 is contained in the confidence interval, it is implied that there is no difference in the average room rates for the two hotels.    If (μ₁ − μ₂) = 0 is contained in the confidence interval, it is implied that there was an error in the database records.If (μ₁ − μ₂) = 0 is contained in the confidence interval, it is implied that there is a difference in the average room rates for the two hotels.If (μ₁ − μ₂) = 0 is contained in the confidence interval, it is implied that the average room rate for the two hotels was $0.

(d) Do the data indicate a difference in the average room rates between the Hotel A and the Hotel C chains?

Yes, the data indicate a difference in the average room rates between the Hotel A and the Hotel C chains.No, the data do not indicate a difference in the average room rates between the Hotel A and the Hotel C chains.    

Do the data indicate a difference in the average room rates between the Hotel B and the Hotel C chains?

Yes, the data indicate a difference in the average room rates between the Hotel B and the Hotel C chains.No, the data do not indicate a difference in the average room rates between the Hotel B and the Hotel C chains.   

In this chapter, we are learning about the various types of healthcare delivery types, including inpatient and outpatient, and efforts to ensure quality of care. Select a topic and post your discussion 

Discuss the range of inpatient healthcare facilities that exist in the United States and provide four examples. Explain the type of services provide in each.

Your post must be at minimum two paragraphs (five sentences per paragraph) in APA format (in text citations and bibliography). Please include references. The answer will not be helpful if there is no sources or citation. public health.

For each transaction below, enter its value and sign, and whether it belongs to the current or financial accounts. Compute the Current Account Balance, the Financial Account Balance, and indicate whether there is a Balance of Payment surplus or a Balance of Payments deficit (i.e. compute the Balance of Official Transactions).

a. The London Symphony Orchestra is hired to tour the United States. It is paid 100 British pounds, which the (American) tour organizer had in its bank account with a British Bank.

b. The United States Treasury pays interest on T-bills held by Black Rock, a British Bank, for $200. The bank holds the US dollars in a London account.

c. The Federal Reserve purchases $100 worth of euros from a French bank, paying in US dollars that the French bank holds on its balance sheet.

d. A Chinese holding company buys IMB, and American company, by acquiring its shares in the American stock market. The Chinese firm pays $400 to acquire IMB, and it pays with US dollars it had in its accounts.

e. The import of wool from Nepal to the United States for $100. The American importer pays for the wool in US dollars, which are then held in Nepal.

1. What are some of the pros and cons to the rise of medical information on the internet? How might the increased availability of private information about one’s personal medical treatment delegitimize the medical community? How might all of this be tied to the deprofessionalization of medicine? 2. Why do you think the United States is the only industrialized country to resist implementing a public/universal health care system? Since 2001, the United States government has spent nearly $7 trillion fighting the war on terror—nearly $1 billion per day. How could it be reasonably argued that if we can spend $1 billion per day for 18 years on a war, we cannot provide the most fundamental health resources for our citizens? 3. Do you think body modification is becoming more or less accepted in today’s society? What social factors might contribute to one’s decision to get liposuction or a breast augmentation? Why might these forces be critical to understanding and explaining the social trend of body modification in the United States? Is this experienced similarly across racial and gender lines? Explain.

Hurricanes hit the United States often and hard, causing some loss of life and enormous economic costs. They are ranked in severity by the Saffir-Simpson scale, which ranges from Category 1 to Category 5, with 5 being the worst. In some years, as many as three hurricanes that rate a Category 3 or higher hit the US coastline. In other years, no hurricane of this severity hits the United States. The following table lists the number of ears that had 0, 1, 2, 3 or more hurricanes of at least Category 3 in severity, over the 100 years of the 20th century.

(a). What is the mean number of severe hurricanes to hit the United States per year?

(b). What model would describe the distribution of hurricanes per year, if they were to hit independently of each other and if the probability of a hurricane were the same in every year?

(c). Test the fit of the model from part (b) to the data. Give test statistic, p-value, and conclusion.

The Scenario Imagine that you have graduated and are working for a large manufacturer in the United States. One of your firm’s largest departments is Customer Service. Approximately 475 people located in 5 cities in the United States are employed in the Customer Service Department. Upper management in your firm is considering relocating at least half of the positions (not the people) to India. If the firm chooses to relocate these jobs in Customer Service, approximately 250 people in the United States will be laid off. However, the company will be able to cut the costs of operating the Customer Service Department by 1/3. This is a significant saving for the firm! You have been appointed to a cross-functional team of managers to make three recommendations regarding this proposal. There are 5 managers on the team. They come from the following departments: Accounting, Human Resources, Customer Service, Production and Marketing. Your answer must be divided into 3 clearly marked sections: Critical Thinking; Business Ethics; Team Building 1. Did you offer a specific principle? 2. Did you explain an approach rather than a solution? 3. Is the principle clearly stated? 4. Did you elaborate on how the principle would be used?

Suppose steel manufacturers in the United States earned a rate of return on capital of 4%. Pretend that there are many producers of steels, steel is a homogenous product and there is free entry an exit into the steel industry. Further suppose that the average rate of return on capital for ALL manufacturing was 10%. a) What would you expect to happen to the number of firms in the steel industry? Explain why. Now, suppose that the US bans all imports of steel into the United States. b) What would you expect to happen to the price of steel in the US? Explain why. What would you expect to happen to the profitability of steel manufacturers in the US? Explain why. What would you expect to happen to the number of steel manufacturers in the US? Explain why. Now, suppose after a few years, the ban on the imports of steel into the United States is lifted. c) What would you expect to happen to the price of steel in the US? Explain why. What would you expect to happen to the profitability of steel manufacturers in the US? Explain why. What would you expect to happen to the number of steel manufacturers in the US? Explain why.

The Park Manager at Fort Fisher State Park in North Carolina believes the typical park visitor spends at least 90 minutes in the park during summer months. A sample of 18 visitors during the summer months of 2011 revealed the mean time in the park was 96 minutes with a standard deviation of 12 minutes. At the 0.01 significance level, is it reasonable to conclude that the mean time in the park is greater than 90 minutes? What is alpha?