Time in years since the re-introduction of gray wolves to Yellowstone National Park (x) and total living biomass of willow plants along the high-risk Blacktail Creek (y).

• Given the information below, answer the question.

Sunshine Hotel needs new laundry equipment. There are two alternatives, either buy or lease the equipment. The hotel owner is asking your recommendation to pay less for the equipment.

Prepare a five-year cost schedule for each alternative (Include only relevant costs).  

What is the cost if the owner buys or leases the equipment?

A. Buy: $ 28,500; Lease: $15,000

B. Buy: $ 27,000; Lease: $30,000

C. Buy: $ 27,500; Lease: $30,000

D. Buy: $ 25,100; Lease: $18,000

Pacific Hotels operates a centralized call center for the reservation needs of its hotels. Costs associated with use of the center are charged to the hotel group (luxury, resort, standard, and budget) based on the length of time of calls made (time usage). Idle time of the reservation agents, time spent on calls in which no reservation is made, and the fixed cost of the equipment are allocated based on the number of reservations made in each group. Due to recent increased competition in the hotel industry, the company has decided that it is necessary to better allocate its costs in order to price its services competitively and profitably. During the most recent period for which data are available, the use of the call center for each hotel group was as follows:

During this period, the cost of the call center amounted to $880,000 for personnel and $630,000 for equipment and other costs.

Required:

a. Determine the allocation to each of the divisions using the following:

1. A single rate based on time used. (Do not round intermediate calculations.)

2. Dual rates based on time used (for personnel costs) and number of reservations (for equipment and other cost). (Do not round intermediate calculations.)

QUESTION 13

In the short run, a perfectly competitive firm will stay in business as long as:

QUESTION 14

Suppose that price is below the minimum average total cost (ATC) but above the minimum average variable cost (AVC), and the market price is expected to rise at least to ATC in the near future. In the short run, a firm that is a price taker would:

QUESTION 15

Where is the "short-run shut down point" for a perfectly competitive firm?

QUESTION 16

The marginal revenue for a price taker is

Consider the case of a sheep farmer who lives next door to an African Safari theme park with dangerous lions. If the lions come in contact with the sheep, they kill them and eat them, costing the sheep farmer damages of $15,000. However, the theme park can build a fence around the lions for $6000. In the alternative, the sheep farmer can fence off his pasture for $8000. Assume that it costs the sheep farmer and the Safari park each $2000 to hire a lawyer if they have to negotiate an agreement between them. What is the efficient outcome here? Why? Suppose that the Safari Park is granted a right of free roaming so that it does not have to fence off its animals and is not liable for any damages they cause. What is the likely outcome now? Will the sheep farmer and the Safari negotiate? Why or why not? Now suppose that the cost of legal advice drops to $500 in part b). How does that change the likely outcome? Why? Assume the legal rule changes, so that the sheep farmer is granted right to safe grazing. If the Safari is held liable for damages to sheep, what is the likely outcome?

A 335-room hotel property recorded in 2004 a 66.6% occupancy and an ADR of $117.98. What is the property’s franchise fee (1) on a per available room basis and (2) as a percentage of rooms revenue if the agreement required the hotel to pay a reservation fee of $7.65 per available room per month; a royalty fee of 5% of rooms revenue; an advertising fee of 2.3% of rooms revenue; and a frequent traveler program fee of $5.00 per occupied room. The hotel had frequent stay guests totaling 6% of the occupied rooms. The initial fee is a minimum of $45,000 plus $300 per room for each room over 150.

1. Please use the information from Question 1 to calculate the Total franchise fee.

              Total franchise fee (round to a whole number) $ ___

2. Please use the information from Question 1 to calculate the Franchise fee on PAR basis.

             Franchise fee on PAR basis (round to two decimal places) $___ PAR/yea

3.Please use the information from Question 1 to calculate the Franchise fee as a % of revenue.

             Franchise fee as a % of revenue (round to two decimal places) ___%

Question 1

A) Complete the missing data on the table

B) What is the selling price of a laptop case explain your answer

c) What is the profit maximizing level of output for this firm explain your answer

d) create a graph using three columns of data on the table to illustrate the profit maximizing level of output. insert a graph in your Microsoft word study exercise document for submission do not submit a separate file for the graph