Orchid Biotech Company is evaluating several different development projects for experimental drugs. Although the cash flows are difficult to​ forecast, the company has come up with the following estimates of the initial capital requirements and

NPVs

for the projects. Given a wide variety of staffing​ needs, the company has also estimated the number of research scientists required for each development project​ (all cost values are given in millions of​ dollars).

a. Suppose that Orchid has a total capital budget of $60 million. How should it prioritize these​ projects?

b. Suppose that Orchid currently has 12

research scientists and does not anticipate being able to hire more in the near future. How should Orchid prioritize these​ projects?

An individual is nearsighted; his near point is 12.0 cm and his far point is 51.0 cm.

(a) What lens power is needed to correct his nearsightedness?

[answer] diopters

(b) When the lenses are in use, what is this person's near point?

[answer] cm

At a price of $7.75 per ticket, a musical theater group can fill every seat in their 1800 seat performance hall. For every additional dollar charged for admission, the number of tickets sold drops by 100.

a) What ticket price maximizes revenue? Round your answer to the nearest cent.
price = $

equation editor

b) How many seats are sold at that price? Round your answer to the nearest whole number.
number of seats sold =

equation editor

Student pricing at the movie theater is a common example of third-degree price discrimination. What is it about students, as compared to everyone else, that makes movie theaters want or need to charge them a lower price? Why is it important for movie theaters to make students show their IDs? Additionally, suppose a student could buy as many tickets as they wanted with their ID. How might that limit the theater’s ability to charge two drastically different prices for students and non-students?

1. When a firm’s ATC of production increases as it increases production, this firm is said to be experiencing:

A) diseconomies of scale. B) economic profit. C) economies of scale. D) a barrier to entry.

2. Suppose you represent the student government on campus. What sort of profitable price discrimination

practices can you engage in on the following services? Be specific and use different techniques for each

part.

A) Parking spaces

B) Theater productions

C) Sports events

Program this scenario in C.

Scenario:

I am in highschool and i want to go see a movie. I have a certain amount of money to spend. Matinees are $8.50 and Evening Showings are $11.75. There is a G, PG, PG-13, and R movie at the theater. Ask the highschooler their age and how much money they have. With this info determine what showtime they can go see and what movies they are not allowed to see. Make it fun by assigning movie titles instead of ratings.

First, BICA is considering the purchase of the Empty Arms hotel. Next year's NOI and cash flow is expected to be $2,000,000 and BIC's economic forecast of market supply and demand and vacancy levels indicated they will continue to be in balance. As a result NOI should increase by 1.5 percent each year based upon expected capital improvements, and BIC believes they should earn 9% total return on the investment.

What is the estimated value of the property?

What cap rate should be found from recently sold properties that are comparable to Empty Arms? NOTE how the cap rate reflects the growth in NOI.

Should they purchase this investment if the negotiated asking price is $27M?

You operate a luxury hotel in Baltimore that famous celebrities rent for extended periods. The daily price is per room is $1,950. Operating costs average $60,000 per day, regardless of the number of rooms rented. Construct a spreadsheet model to determine the profit if 60 rooms are rented. The manager has observed that the number of rooms rented during any given day varies between 50 and 80 (the total number of rooms available).

a.Use data tables to evaluate the profit for this range of unit rentals.

b.Suppose the manager is considering lowering or increasing the daily price by $100. How will profit be affected? (Hint: use a two-way data table).

6. A hotel salesperson enters sales in a text file. Each line contains the following, separated by semicolons: The name of the client, the service sold (such as Dinner, Conference, Lodging, and so on), the amount of the sale, and the date of that event.

Write a program that reads such a file and displays the total amount for each service category. Use the following data for your text file:5 pts

Bob;Dinner;10.00;January 1, 2013

Tom;Dinner;14.00;January 2, 2013

Anne;Lodging;125.00;January 3, 2013

Jerry;Lodging;125.00;January 4, 2013

The output should be:

Dinner: 24.00

Lodging: 250.00

Python, keep it simple, thank you

A 300kg roller coaster at an amusement park is at rest on top of a 30m hill (Point A). The car starts to roll down the hill and reaches point B, which is 10m above the ground, and then rolls up the track to point C, which is 20m above the ground.

a) Assuming no energy is lost and using energy arguments, how fast is the cart moving at point C?

b) What is the total mechanical energy of the roller coaster at point B (Use the ground as the locaiton where potential energy=0)

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If the final speed at point C is actually measured to be 12 m/s,

a) How much energy is lost?

b) Where did this energy go?