Which of the following is true for monopoly?

Question 41 options:

The marginal revenue curve lies above the demand curve

The marginal revenue curve lies below the demand curve.

Economic profits are zero in the long-run.

Marginal revenue equals price.

Price elasticity of demand is defined as

Question 47 options:

The percentage change in quantity demanded divided by the percentage change in price.

The percentage change in price divided by the change in quantity demanded

The percentage change in price divided by the percentage change in quantity demanded.

The change in quantity demanded divided by the percentage change in price

When Marginal utility diminishes, total utility:

Question 48 options:

Increases at a diminishing rate

Diminishes

Stays constant

Increases

Question 49 (4 points)
If consumer incomes go up and laundromats are an inferior good, the effect on the demand for laundromats, ceteris paribus, will be a (an):

Question 49 options:

decrease in the quantity demanded of laundromats

increase in the demand for laundromats

increase in the quantity demanded of laundromats

decrease in the demand for laundromats

A characteristic of an oligopoly is:

Question 50 options:

Few firms exhibiting mutual interdependence

Many firms with independent pricing decisions.

Single firm with control over price.

None of the above.

Explain, using an appropriate graph, why a tariff is an inefficient means to collect government revenue.

Why is the level of output at which marginal revenue equals marginal cost the profit maximizing output?

Write a policy brief making a recommendation to your town on implementing alternative revenue methods in order to NOT depend on federal or state aid.

The process of break-even analysis examines the relationship between revenue and costs for different factors of production. The main emphasis is in determining the number of units and the sales volume at which the company will recover its costs. At this level of production and sales the company's profits are zero. By examining this initial break-even point companies can analyze the risk of a particular project as well as any potential profits that can be garnered.
In a spreadsheet analysis of break-even problem, the advantage is that many "what if" scenarios can be examined without lengthy computation times and fear of computational errors are virtually eliminated. In addition, by taking advantage of the graphical capabilities of spreadsheet programs, the results can be shown graphically as well as numerically.
A well designed spreadsheet would accommodate cells for the input data such as fixed costs, variable cost per unit, price per unit, etc. It is possible to even provide for raw observational data to be used such as sales volume, total cost, and quantity. However, we will leave that model for a subsequent analysis. In addition, the model should provide an output range to include relevant factors like break-even quantity, break-even dollars, and target profit, etc. The model should be designed such that as the input values are changed the corresponding output values are automatically modified to reflect these changes. This process involves setting up relative formulas for the computation of break-even quantity, break-even dollars, and projected profits. Finally, the model should provide a graphical representation of the problem. This would best be represented as a linear graph of revenue, cost, and profit displayed as a function of quantity.
Some useful hints for creating a well-designed break-even computer model include:
1. The basic computational equation for break-even quantity is: Break-Even Quantity = Fixed Costs / (Price per unit - Variable Cost per Unit) 2. Break-even dollars can be computed using the revenue or cost formula evaluated at the break-even quantity. 3. Projected profits can be evaluated using the profit function evaluated at the planned production level. 4. Each of the above formulas should be written with relative references to the cells of the spreadsheet that contain the input data of price per unit, variable cost per unit, fixed costs, and planned production level.
Break-Even Analysis Project - Saint Francis Hospital
Saint Francis Hospital has an operating room used only for eye surgery. The annual cost of rent, heat, and electricity for the operating room and its equipment is $275,000, and the annual salaries for the people who staff this room total $1,270,000. These costs are the same

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regardless how many surgeries are performed. Each surgery performed requires the use of $1,375 worth of medical supplies and drugs. To promote goodwill, every patient receives a bouquet of flowers the day after surgery. In addition, all patients require dark glasses, which the hospital provides free-of-charge. It costs the hospital $55 for each bouquet of flowers and $25 for each pair of glasses. The hospital receives a payment of $3,500 for each eye operation performed. Last year the hospital performed 950 operations and plans to continue at this level of production.
Identify the revenue per case (price per unit) and the annual fixed and variable costs for running the operating room. Set up your spreadsheet so that theses inputs can readily be changed. Set up an output range to calculate the break-even quantity and dollar amount for total revenue and costs. Also, set up an output range to display the projected profits resulting from different levels of production. How many eye operations must the hospital perform each year in order to break even? What would the annual profits be if they perform 950 operations each year?
One of the nurses has just learned about a machine that would reduce the cost of medical supplies needed by $580 per patient. It can be leased for $475,000 annually. Keeping in mind the financial costs and benefits, advise the hospital on whether or not they should lease this machine. Use the spreadsheet to identify the break-even point and the level of profit associated with 950 operations per year. Modify the fixed and variable costs as appropriate and examine the break-even quantity and profits again.
An advertising agency has proposed to the hospital's president that she spend $10,000 per month on television and radio advertising to persuade people that Saint Francis Hospital is the best place to have any eye surgery performed. The advertising firm estimates that such publicity would increase business by 30 operations per month. If they are correct, what impact would this advertising have on hospital's profit? What would happen to the break-even point? In case the advertising agency is being overly optimistic, what would the decision be if the advertising campaign only increased the number of operation per month by 5? What is the maximum amount the Hospital would be willing to pay for the advertising if the ads generated 30 additional operations each month? Consider this option independent of the machine purchase described above.
Assuming the hospital decided to use the advertising program, should the hospital then also purchase the machine? What impact do these decisions have on profits and risk for the hospital?
Prepare a written report summarizing your results and recommendations. Include an explanation of the effects of changing the price, variable cost, and fixed costs on the break-even point and profits. The report should include printouts of the various spreadsheets and graphs to support your conclusions.
Deliverables
1. Executive summary report to address relevant problem definition, assumptions, alternative solutions, and optimal solutions selection. A Microsoft Word file entitled, Project1.docx 2. Detailed numerical analysis with appropriate calculations and charts for the various scenarios. A Microsoft Excel file entitled, Project1.xlsx

Offer suggestions on how revenue management can be used to actually enhance guest loyalty in the hotel and/or travel industry

my opportunities on my swot analysis for USA is as following
Increase the Digital Marketing Revenue
Established Global Partnerships

What would be the recommended strategy and Rationale for USA Today according to my opportunities above.

1) What is performance obligation and how is it related to revenue recognition?

2) What does cash conversion cycle measure?

Chesterfield County had the following transactions.

a. A budget is passed for all ongoing activities. Revenue is anticipated to be $940,750 with approved spending of $631,000 and operating transfers out of $248,000.

b. A contract is signed with a construction company to build a new central office building for the government at a cost of $6,300,000 . A budget for this project has previously been recorded.

c. Bonds are sold for $6,300,000 (face value) to finance construction of the new office building.

d. The new building is completed. An invoice for $6,300,000 is received and paid.

e. Previously unrestricted cash of $1,220,000 is set aside to begin paying the bonds issued in (c).

f. A portion of the bonds comes due and $1,220,000 is paid. Of this total, $150,000 represents interest. The interest had not been previously accrued.

g. Citizens' property tax levies are assessed. Total billing for this tax is $815,000. On this date, the assessment is a legally enforceable claim according to the laws of this state. The money to be received is designated for the current period and 90 percent is assumed to be collectible in this period with receipt of an additional 6 percent during subsequent periods but in time to be available to pay current period claims. The remainder is expected to be uncollectible.

h. Cash of $169,000 is received from a toll road. This money is restricted for highway maintenance.

i. The county received investments valued at $379,000 as a donation from a grateful citizen. Income from these investments must be used to beautify local parks.

Prepare the entries first for fund financial statements and then for government-wide financial statements.