1. Briefly summarize the history of Sanskrit Language and its impact on Indian culture since the ancient time. Give at least one example of its impact(s) in the following areas: religion, music, dance, theater, and literature.

1) What is the fixed cost, marginal cost, average total cost, average variable cost and average fixed cost of the following cost function?    .

2) What is the level of output that minimizes AVC? (in other words, what is the level of output that corresponds to the minimum of AVC?)

Scenario Suppose that a movie theater faces a downward sloping demand curve for popcorn and it increases the price of a container of popcorn from $4.00 to $4.80, which causes the count of containers sold to fall from 100 to 90.

Questions 1. What is the elasticity coefficient?

2. Is the demand relatively elastic or relatively inelastic?

3. Should the theater consider raising the price of popcorn further?

4. When a firm faces a downward sloping demand curve, should it ever price its product in the inelastic range of the demand curve (if it has such a range)? Explain why or why not.

5. When a firm is a monopolist (or the only seller of a product), should it price its product in the elastic or inelastic range of its demand curve? Explain.

Exercise 1: Average daily hotel room rate (x) and amount spent on entertainment (y) is given in the following table for different cities. a.       Use these data to develop an estimated regression equation that could be used to predict the amount spent on entertainment for a given average daily hotel room rate. b.       What is the value of sample correlation coefficient? c.       Compute the coefficient of determination. What percentage of the variation in total amount spent on entertinment can be explained by room rate? d) Predict the amount spent on entertainment for a particular city that has a daily room rate of $89. City Room Rate ($) Entertainment ($) Boston 148 161 Denver 96 105 Nashville 91 101 New Orleans 110 142 Phoenix 90 100 San Diego 102 120 San Francisco 136 167 San Jose 90 140 Tampa 82 98

CAN YOU MAKE IT SHORT RESEARCH PAPER OF THIS ARTICAL ?

I AM MAKING PROJECT ON HOMELESSNESS THIS IS SOLUTION OF THAT PROJECT

AND I HAVE TO MAKE SHORT RESEARCH PAPER TO SUBMIT BEFORE I SUBMIT FINAL PROJECT.

IN THIS PROJECT WE ARE A NON PROFIT ORGANIZATION WHICH HELP THOSE HOMELESS PEOPLE GET SHELTER SO WE MADE A CONTRACT WITH A MOTEL OR HOTEL WHICH ALLOW US TO FIND FIND HOMELESS AND SEND THEM TO OUR MOTEL OR HOTEL DURING CRITICAL SITUATION LIKE HEAVY FLOOD, RAIN,OR STORM.

I JUST WANT YOU TO MAKE A SHORT RESEARCH PAPER OF THIS ARTICAL ?

• Our role: as a non-profit organization, the Coalition for the Homeless in NYC.

• Focus area: Mott Haven, Bronx

• Partner: Comfort Inn & Suites in Bronx, Family Shelter in Bronx, Government

• Solution:

  • We’re partnering with Comfort Inn & Suites in Bronx to give a room for homeless people that we have data and information to stay on one of the room.

  • Group of homeless that priority: family with children, single mom with children, elderly (60+), disability people.

  • We’re asking Comfort Inn & Suites to give us at least 15 rooms (out of 84) during the low season and 7 rooms during the high season. Each room can accomodate 2 to 3 people. So we can put at least 45 homeless people for one night.

  • Asking special rate: Normal rate is around $142 → $49 on low season and $99 on high season (for us)

  • Who pay: we will pay monthly and ask government to subsidize our program at least half of the total cost. Asking local religious institution such as churches, synagogues or mosques to participate in our program.     

How we select homeless?

1. We work together with Family Shelter Bronx to get the information of homeless people who still sleep outside the shelter

2. Working closely with HOME-STAT to have information for people that need immediate place to rest such as homeless with medical issue or disability.

3. Before we send the homeless people, at the shelter, we will give them food, ask them to shower and change clothes and check their health.

4. After that, we send them to the Comfort Inn & Suites to stay there for 1 week

5. During 1 week period, our staff will help them to find shelters in Bronx area or NYC’s area

6. We will help the homeless people to apply job, SOTA, or affordable housing in the NYC’s area.

7. If we can’t put them in the shelter within 1 week period, we will continue to pay their hotel fee for another week.

How the process in the hotel?

1. We will send the information first to the hotel of how many homeless will stay and give them their informations.

2. Each homeless that we selected need to give their ID in the reception.

3. The front desk will give the key to homeless on the assign room.

4. In case, there is a damage in the hotel room, our organization will pay the damage.

5. Every day, our staff will check their conditions and also follow up the plan

6. We will take care of them till worst condition    

Current Services:

• Initially hotel will be providing shelter

• Provision of basic necessities

• Free meals

• Health check up

• A better and safe environments

Future Services:

• Education assistance for children under 18 and disabled.

• Health care assistance.

• Job opportunity

Facilities:

• Safety and screening of every individual

• Free meals

• Health check up

• Counselings

CAN YOU MAKE IT SHORT RESEARCH PAPER OF THIS ARTICAL ?

I AM MAKING PROJECT ON HOMELESSNESS THIS IS SOLUTION OF THAT PROJECT

AND I HAVE TO MAKE SHORT RESEARCH PAPER TO SUBMIT BEFORE I SUBMIT FINAL PROJECT.

IN THIS PROJECT WE ARE A NON PROFIT ORGANIZATION WHICH HELP THOSE HOMELESS PEOPLE GET SHELTER SO WE MADE A CONTRACT WITH A MOTEL OR HOTEL WHICH ALLOW US TO FIND FIND HOMELESS AND SEND THEM TO OUR MOTEL OR HOTEL DURING CRITICAL SITUATION LIKE HEAVY FLOOD, RAIN,OR STORM.

I JUST WANT YOU TO MAKE A SHORT RESEARCH PAPER OF THIS ARTICAL ?

• Our role: as a non-profit organization, the Coalition for the Homeless in NYC.

• Focus area: Mott Haven, Bronx

• Partner: Comfort Inn & Suites in Bronx, Family Shelter in Bronx, Government

• Solution:

  • We’re partnering with Comfort Inn & Suites in Bronx to give a room for homeless people that we have data and information to stay on one of the room.

  • Group of homeless that priority: family with children, single mom with children, elderly (60+), disability people.

  • We’re asking Comfort Inn & Suites to give us at least 15 rooms (out of 84) during the low season and 7 rooms during the high season. Each room can accomodate 2 to 3 people. So we can put at least 45 homeless people for one night.

  • Asking special rate: Normal rate is around $142 → $49 on low season and $99 on high season (for us)

  • Who pay: we will pay monthly and ask government to subsidize our program at least half of the total cost. Asking local religious institution such as churches, synagogues or mosques to participate in our program.     

How we select homeless?

1. We work together with Family Shelter Bronx to get the information of homeless people who still sleep outside the shelter

2. Working closely with HOME-STAT to have information for people that need immediate place to rest such as homeless with medical issue or disability.

3. Before we send the homeless people, at the shelter, we will give them food, ask them to shower and change clothes and check their health.

4. After that, we send them to the Comfort Inn & Suites to stay there for 1 week

5. During 1 week period, our staff will help them to find shelters in Bronx area or NYC’s area

6. We will help the homeless people to apply job, SOTA, or affordable housing in the NYC’s area.

7. If we can’t put them in the shelter within 1 week period, we will continue to pay their hotel fee for another week.

How the process in the hotel?

1. We will send the information first to the hotel of how many homeless will stay and give them their informations.

2. Each homeless that we selected need to give their ID in the reception.

3. The front desk will give the key to homeless on the assign room.

4. In case, there is a damage in the hotel room, our organization will pay the damage.

5. Every day, our staff will check their conditions and also follow up the plan

6. We will take care of them till worst condition    

Current Services:

• Initially hotel will be providing shelter

• Provision of basic necessities

• Free meals

• Health check up

• A better and safe environments

Future Services:

• Education assistance for children under 18 and disabled.

• Health care assistance.

• Job opportunity

Facilities:

• Safety and screening of every individual

• Free meals

• Health check up

• Counselings

If a firm has a total fixed cost of $75 and an average variable cost of $35 for producing 10 units of output, the average total cost would be:

If a firm has an average total cost of $55 and an average fixed cost of $10 for producing 5 units of output, then the total variable cost will be:

Ivanka Trump after moving to Pakisatan and has purchase PC hotel Karachi in November 2020 and renamed it Ivayana. The hotel is a 5 star luxury hotel consisting of 100 single rooms 70 double rooms and 40 Suites. The average night stay in a single room costs Rs 8000. Double bed cost Rs 19000 and suite costs Rs 35000. On average 70 single rooms, 60 double rooms and 35 suites are occupied. Besides, there are 4 ball rooms. The ball rooms are always available for booking but they only get booked on Saturdays and Sundays. Each ball room has capacity of 300 people and rental charged for each booking is RS 130,000. 10 Rooms in each category are paid by credit card. The payment is received a week later. 50% amount related to ball room are received in same month and 50% in next month. The rental charge for ball rooms was Rs 100,000 in 2020. The charge for rooms has not changes since last year and have remained same. The hotel is charged local tax of Rs 5000 each week which is paid in the same month. The hotel has a staff of 150 people. 30 kitchen staff which receive 18% of the amount received againts the bill charged for the meals. On average the kitchen staff receive 90 orders for meal with the average billing of Rs 8000 per meal. the amount of meals billed is immediately collected and the kitchen staff is paid in the 1^st week of next month. The room service and the janitorial satff are 40 which are paid Rs 18000/month at last day of same month. 10 is the num of other lower staff for misc services and they are paid 15000/month at last day of same month. The remainig 20 are the senior executive staff, their remuniration details are not shared. The hotel is powered by solar panels and the, its maintenance is outsourced to a company solarex, they charge Rs 200,000 quarterly, which is paid in 2 installments. 50% is paid in the 1^st month of quarter and the rest is paid in the last month of quarter. The opening cash in hand was Rs 100,000.

Prepare Cash budget for the 1^st quarter of 2021.                (PLO 2.1, CLO 1)                                13 marks

Hint: Consider reviewing the actual calendar for 2021.