For a firm A which is operating under Pure Competition; Under Total Revenue-Total Cost Approach;

1. Fill in the table above by calculating the Total fixed cost Average total cost, Marginal cost total revenue and the profit/loss for each level of output. Assume the price of the product P= $40.                                                                                                   
2. Indicate the level of Output where Profit is Maximized?                                        

3. What is the Maximum Profit for Firm A?                                                            

please advise on the tendering and contractual arrangements for the construction of a 5-star hotel in Tung Chung new town. Since the proposed project is to be a major development, the Client is anxious on the cost aspects
The client wishes to have indication of the amount of investment and is concerned o the cost-control aspect. He also intends to commence the work at a reasonable time.
Suggest to the Client with reason, a suitable contractual arrangement for his consideration. (at less 350 words)

Forecasting labour costs is a key aspect of hotel revenue management that enables hoteliers to appropriately allocate hotel resources and fix pricing strategies. Mary, the President of Hellenic Hoteliers Federation (HHF) is interested in investigating how labour costs (variable L_COST) relate to the number of rooms in a hotel (variable Total_Rooms). Suppose that HHF has hired you as a business analyst to develop a linear model to predict hotel labour costs based on the total number of rooms per hotel using the data provided. 3.1 Use the least squares method to estimate the regression coefficients b0 and b1 3.2 State the regression equation 3.3 Plot on the same graph, the scatter diagram and the regression line 3.4 Give the interpretation of the regression coefficients b0 and b1 as well as the result of the t-test on the individual variables (assume a significance level of 5%) 3.5 Determine the correlation coefficient of the two variables and provide an interpretation of its meaning in the context of this problem 3.6 Check statistically, at the 0.05 level of significance whether there is any evidence of a linear relationship between labour cost and total number of rooms per hotel

TR=TOTAL ROOMS, L COST =LABOUR COST

TR L_COST       Turnover_per_Room
412       2,165,000       21,519.42
313       2,214,985       21,755.04
265       1,393,550       17,937.91
204       2,460,634       37,400.05
172       1,151,600       31,824.30
133       801,469 19,444.46
127       1,072,000       22,551.18
322       1,608,013       18,205.04
241       793,009 8,793.00
172       1,383,854       25,114.16
121       494,566       14,095.35
70       437,684       22,231.59
65       83,000 5,953.85
93       626,000       18,150.99
75       37,735       3,871.67
69       256,658       11,071.70
66       230,000       8,030.30
54       200,000       10,185.19
68       199,000      
57       11,720       2,982.46
38       59,200       6,342.11
27       130,000       25,185.19
47       255,020       18,223.26
32       3,500 1,000.00
27       20,906 2,384.85
48       284,569       14,264.58
39       107,447       10,478.26
35       64,702       10,811.29
23       6,500 3,478.26
25       156,316       22,231.56
10       15,950       8,150.00
18       722,069       81,556.71
17       6,121 2,151.88
29       30,000       4,068.97
21       5,700 4,142.86
23       50,237       5,113.83
15       19,670       10,037.87
8       7,888 4,849.25
20 3,750.00
11 1,753.91
15       3,500 2,666.67
18       112,181       34,260.90
23              
10       30,000 12,000.00
26       3,575 3,001.81
306       2,074,000       19,803.92
240       1,312,601       15,823.58
330       434,237       4,361.65
139       495,000       17,050.36
353       1,511,457       15,370.22
324       1,800,000       15,432.10
276       2,050,000       22,101.45
221       623,117       9,199.82
200       796,026       18,158.06
117       360,000       11,649.57
170       538,848       10,294.08
122       568,536       17,510.12
57       300,000       15,614.04
62       249,205       9,623.61
98       150,000       6,326.53
75       220,000       6,666.67
62       50,302       2,058.19
50       517,729       20,000.00
27       51,000       16,666.67
44       75,704       7,118.52
33       271,724       40,499.76
25       118,049       9,664.80
42              
30       40,000       4,833.33
44 522.73
10       10,000       7,300.00
18       10,000       5,555.56
18 1,338.22
73       70,000       4,958.90
21       12,000       6,904.76
22       20,000       3,636.36
25       36,277       1,489.72
25       36,277       1,489.72
31       10,450       2,348.39
16       14,300       5,000.00
15       4,296       732.00
12 1,083.33
11 2,000.00
16       379,498      
22       1,520 673.36
12       45,000       58,333.33
34       96,619       18,817.53
37       270,000       21,621.62
25       60,000 10,000.00
10       12,500 9,000.00
270       1,934,820       27,977.57
261       3,000,000       36,781.61
219       1,675,995       17,559.77
280       903,000 15,907.14
378       2,429,367       16,666.67
181       1,143,850       22,352.93
166       900,000 20,180.72
119       600,000       31,932.77
174       2,500,000       32,628.43
124       1,103,939       17,559.77
112       363,825 8,054.72
227       1,538,000       16,173.81
161       1,370,968       23,161.53
216       1,339,903       12,503.53
102       173,481       6,795.40
96       210,000       15,833.33
97       441,737       11,759.43
56       96,000       8,000.00
72       177,833       7,501.82
62       252,390       25,266.45
78       377,182       17,409.35
74       111,000       9,891.89
33       238,000       23,848.48
30       45,000       5,919.30
39       50,000       3,846.15
32       40,000       6,250.00
25       61,766       4,237.28
41       166,903       25,266.46
24       116,056       17,409.33
49       41,000       5,102.04
43       195,821       11,759.42
9              
20       96,713       17,409.35
32       6,500       2,953.13
14       5,500       2,500.00
14       4,000       4,285.71
13       15,000       2,307.69
13       9,500       1,538.46
53       48,200       3,528.30
11       3,000       10,909.09
16       27,084       3,652.44
21       30,000       2,380.95
21       20,000       2,380.95
46       43,549       1,314.04
21       10,000       952.38

PARASITOLOGY QUESTION:

Amoeba case study

Calatagan is a third-class municipality in the province of Batangas, Philippines. It has a total population of 30,500 with a total of 8 barangays. The municipality’s major revenue comes from agriculture and aquaculture. A section of the population is employed in “Ang Pulo,” an island housing a mangrove forest conservation park located in the northeast. Some residents of Calatagan are settled along the major highway that connects it to neighboring municipalities, while some live further inland, usually near farms. Major streets are cemented but small streets are not. Deep well is the main source of water but there is one water distillery station serving three barangays in the municipality. In the summer of 2005, there were 950 cases of a rare eye infection in one barangay that affected residents of different ages. The infection is characterized by severe pain and reddening of the cornea. Antiviral drugs where administered but the patients’ condition did not improve. There were also 1500 reported cases of diarrhea by the RHU. Stool examination results from specimens submitted by patients revealed an increase in WBC count. Strange crystal-like structures were also seen under the microscope in some of the stool specimens. The mayor of Calatagan ordered an immediate investigation of the probable cause of the cases.

Questions to answer:

1. Identify the probable cause of the incidents in Calatagan, Batangas. Justify. (provide references for your answers)

2. What could have been the sources of infection of the residents in Calatagan? Describe the probable mode of infection for each identified cause. Cite examples and references.

3. Briefly provide a possible plan of action on how to control the cases in Calatagan.

PARASITOLOGY QUESTION:

Amoeba case study

Calatagan is a third-class municipality in the province of Batangas, Philippines. It has a total population of 30,500 with a total of 8 barangays. The municipality’s major revenue comes from agriculture and aquaculture. A section of the population is employed in “Ang Pulo,” an island housing a mangrove forest conservation park located in the northeast. Some residents of Calatagan are settled along the major highway that connects it to neighboring municipalities, while some live further inland, usually near farms. Major streets are cemented but small streets are not. Deep well is the main source of water but there is one water distillery station serving three barangays in the municipality. In the summer of 2005, there were 950 cases of a rare eye infection in one barangay that affected residents of different ages. The infection is characterized by severe pain and reddening of the cornea. Antiviral drugs where administered but the patients’ condition did not improve. There were also 1500 reported cases of diarrhea by the RHU. Stool examination results from specimens submitted by patients revealed an increase in WBC count. Strange crystal-like structures were also seen under the microscope in some of the stool specimens. The mayor of Calatagan ordered an immediate investigation of the probable cause of the cases.

Questions to answer:

1. Identify the probable cause of the incidents in Calatagan, Batangas. Justify. (provide references for your answers)

2. What could have been the sources of infection of the residents in Calatagan? Describe the probable mode of infection for each identified cause. Cite examples and references.

3. Briefly provide a possible plan of action on how to control the cases in Calatagan.

Which assertion about stocks gamma, Hotel, India, and Juliet is true if PH > PJ > 0 and PI > PG > 0? And:

• All 4 stocks pay annual dividends with the next dividend expected to be paid in 1 year.
• The dividends for each stock are expected to grow at a constant rate of G forever.
• The expected returns for stocks Juliet and Hotel are expected to be different, and the expected returns for stocks India and Gamma are expected to be the same.
• The next expected dividends for stocks India and Gamma are expected to be different and the next expected dividends for stocks Juliet and Hotel are expected to be the same.
• Assume all expected dividends, growth rates, and returns are positive and all expected growth rates are less than all expected returns.

Explain and draw total cost, average cost, Marginal cost for decreasing returns to scale.

November 21, 1980, was the day of a tragic fire in the MGM Grand Hotel in Las Vegas. At the time of the fire, the hotel had only $30 million of liability insurance. One month after the fire, the hotel bought an extra $170 million of liability coverage for a premium of $37.5 million, retroactive to November 1, 1980 (before the fire). Based on your knowledge of present value concepts, why would insurers be willing to issue insurance to MGM under these conditions?

If the equilibrium wage is $9 in the market for hotel workers and $8 in the market for restaurant workers and both markets have similar elasticities of labor supply and demand, then a minimum wage of $10 in both markets will: