Describe the externalities associated with a football stadium compared with
an amusement park. Which would have greater positive externalities? Which
would have greater negative externalities?

How can a theme park eliminate waiting in long lines including rides etc. How much will they cost? What resources and expenditures will your solution entail?

Please answer each question in 350-500 words.

If you were running the organization(Hotel Management Group), what changes would you make and why?

1-Explain the difference between promotion and advertising.

2-Why might it make sense for a hotel chain to shift some of its advertising dollars to public relations?

Please answer each question in 350-500 words.

If you were running the organization(Hotel Management Group), what changes would you make and why?

Hassle-Free Web is bidding to provide web hosting services for Hotel Lisbon. Hotel Lisbon pays its current provider $10,400 per year for hosting its web page, handling transactions, etc. Hassle-Free figures that it will need to purchase equipment worth $14,800 up front and then spend $1,800 per year on monitoring, updates, and bandwidth to provide the service for 33 years. If Hassle-Free's cost of capital is 9.7 %, can it bid less than $10,400 per year to provide the service and still increase its value by doing so?

Hassle-Free can bid as low as $?

The following linear regression model can be used to predict ticket sales at a popular water park (the correlation is significant).

Ticket sales per hour = -631.25 + 11.25(current temperature in °F)

Choose the statement that best reflects the meaning of the slope in this context.

Group of answer choices

The slope is slippery.

The slope tells us that a one degree increase in temperature is associated with an average increase in ticket sales of 11.25 tickets.

The slope tells us that if ticket sales are decreasing there must have been a drop in temperature.

The slope tells us that high temperatures are causing more people to buy tickets to the water park.

A study of the career paths of hotel general managers sent questionnaires to an SRS of 250 hotels belonging to major U.S. hotel chains. There were 129 responses. The average time these 129 general managers had spent with their current company was 10.33 years. (Take it as known that the standard deviation of time with the company for all general managers is 2.1 years.)

(a) Find the margin of error for an 85% confidence interval to estimate the mean time a general manager had spent with their current company: _____ years

(b) Find the margin of error for a 99% confidence interval to estimate the mean time a general manager had spent with their current company: _____ years

XYZ hotel uses approximately 200 towels daily. It operates 250 days a year. Assuming, lead time is normally distributed with a mean of 2 days and a standard deviation of 0.5 day. The management desires 90 percent service level. Annual carrying costs is $0.8 per towel, and ordering costs is $20. Given the production rate for the towel = 600 towels per day.

1. Determine the optimal order quantity?
2. Determine Safety Stock?
3. The sales people have recently told the top management that they could expect $200 improvement in profit if the service level were increased to 99%. Is it worthwhile for XYZ hotel to make this change?

Consider the following two products: ‘coffee’ sold in a café and ‘hotel accommodation’ in Sydney during the Olympic Games. Which product would have a higher price elasticity of supply in absolute value? Explain your answer including identifying the determinant of elasticity. (1 mark) – Word count 60

GIVE THE ANSWER WITH THE DETERMINENTS OF SUPPLY. SUCH AS

1.Length of time involved in production.

2.Availability of inputs.

3. Existing capacity.

4. Inventories held.

5. Type of industry.

ALSO INCLUDE WHAT KIND OF PRICE ELASTICITY OF SUPPLY IS COFFEE AND HOTEL ACCOMMODATION (INELASTIC/ELASTICS/PERFECT ELASTIC/PERFECT INELASTIC/UNIT ELASTIC ETC)