*PLEASE ANSWER LETTERS A-F THOROUGHLY*

The Twelve-stars Amusement Park

The Twelve-stars traveling amusement park has recently set up operation in the East Bay. The arrival rate of patrons at the park is estimated as 35 per hour. There is one admissions gate, staffed by a single worker. Admissions can be conducted at an estimated rate of 40 per hour. 40% of patrons go directly to the Ferris wheel, while 30% go to the rollercoaster. The remaining 30% go to the zombie house. The service rate of the Ferris wheel is 18 patrons per hour, while the service rate of the roller coaster is 15 patrons per hour. The service rate of the zombie house is 16 patrons per hour. All of the patrons leaving the Ferris wheel go to the house of mirrors. In addition, 40% of patrons leaving the roller coaster go to the house of mirrors. The house of mirrors serves patrons one at a time at a rate of 25 per hour. All patrons leaving the house of mirrors as well as remaining patrons leaving the rollercoaster all go to the exit gate. In addition, all patrons leaving the zombie house go directly to the exit gate. There is one worker at the exit gate, who can process exiting patrons at a rate of 38 per hour. It is desired to determine for this amusement park, the expected number of patrons waiting at the admission gate, exit gate, and at each ride. It is also desired to determine the expected time patrons spend waiting at each of these locations. If an additional worker was available, at which "station" (i.e., entry gate, exit gate, or ride) should this worker be placed?

The dept. of public safety for Alameda County would like to know what the average number of patrons is expected to be in the park over the course of a day in order to determine whether this meets with safety code and fire Marshall regulations. Current regulations do not allow for more than 40 patrons in the park at any one time. What would you report for this? (i.e., is the requirement met?) (Note that you can treat each station as a single server system!!!!!) Make sure to show your calculations and report your results regarding park operations.

A) Write a short summary of the case, including the purpose of your analysis. B) Show and explain the model you used to evaluate the amusement park system.

C) Show any calculations you used to obtain your results. (Hint: for each gate and ride you will need l, lq, and wq.)

D) Display a summary of results.

E) Answer any questions posed with the case in addition to the summary of results. (i.e., at what ride would you place an additional worker, and are park limitations on patrons being met?)

F) Write a brief conclusion and recommendations. A few sentences will suffice.

40. What is a typical Day of Arrival (DOA) and pattern for Special Corp customers?

1. Sunday through Wednesday
2. Monday through Thursday
3. Sunday through Thursday
4. Tuesday through Friday

41. What is the typical BMF that management companies get?

a. 3%

b. 5%

c. 2%

d. within 30 days they start getting 3%

42. On the STR report, if the development funnel/ pipeline is strong showing a lot of rooms are being developed what might it indicate?

a. Your brand is has strong preference

b. Owners Priority is being made occasional across the portfolio

c. Owners Priority is being made more quickly than other hotel’s mgt. companies’ brands

d. a and c

42.   When driving sales, revenue management in a group hotel should shrink the hotel by adding great groups, as far out as reasonably possible, know based on history what the cross over goal should be, as long as the groups have what?

a. The right number of customers

b. The right average rate

c. The largest total spend possible

d. The use the banquet and outlet space occasionally

43. If a hotel has a lot of great group room nights on the books in years out, it also allows revenue management to do what important strategy?

a. Open discounts

b. Close out discounts

c. Close out all corporate, association, and other group.

d. focus on driving transient higher rates

Please give answers of the following questions:

1. What are the strengths and limitations of using estimates of total economic value to

develop environment policy recommendations? How does your answer relate to your

worldview (anthropocentric or ecocentric)?

2. Do you think contingent valuation should be widely used as a tool for developing environmental policy recommendations? What do you think is the main strength of CV?

What do you think is its main weakness?

3. Suppose that you are asked to conduct a cost-benefit study of a proposed coal-fired

power plant. The plant will be built on the outskirts of a residential area and will emit a

certain volume of pollutants. It will require a substantial amount of water for its cooling

system. Industries in the region argue that the additional power is urgently needed, but

local residents oppose construction. How would you evaluate social and environmental

costs and weigh them against economic benefits?

4. As mentioned in the text, under U.S. law federal agencies must use cost-benefit analysis to evaluate major policy proposals. Do you agree with this requirement, in particular for environmental policies? How much weight do you believe should be given to the results of cost-benefit analyses when making policy decisions? Discuss how economic, health, and environmental criteria should be balanced in formulating regulations.

5. Suppose that the government of a developing country is considering the establishment of a national park in a scenic forested area. Local opposition arises from those who wish to use the forest land for timbering and agriculture. But the national park would draw both local and foreign visitors as tourists. Could cost-benefit analysis aid the decision on whether to establish the park? What factors would you consider, and how would you measure their economic value?

6. In what respects is “natural capital” similar to human-made capital, and in what respects does it differ? We often speak of a “return to capital,” meaning the stream of income generated by a capital investment. Can we speak of a return to natural capital? What are examples of investment in natural capital? Who is motivated to make such investments? Who would suffer if such investments were not made, or if “disinvestment” occurs due to resource depletion or environmental degradation?

7. Is the concept of optimal scale for an economy useful? If so, how would you go about

determining it? Do you think that economies such as those in the United States, Europe,

and Japan have reached optimal scale? Exceeded it? How about the economies of Latin America, Asia, and Africa? How would you relate the concept of optimal scale in the global economy to economic growth in national economies at different levels of development?

8. Distinguish the concepts of strong and weak sustainability, and give some practical examples, other than those cited in the text, for their application. Where is each concept most appropriate? Which economic policy measures are relevant to achieving sustainability?

You are given the sample mean and the population standard deviation. Use this information to construct the​ 90% and​ 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals.

A random sample of 35 home theater systems has a mean price of ​$125.00.  Assume the population standard deviation is ​$19.60

Question: Analysis and Design Models: What's the Difference?

With the analysis phase behind us, reflect on the models built for the Theater project. How are they different from the models you plan on using during the design phase. Explain the differences in your own words. Next, find an article and/or video to share with the class on the subject.  

Database:

Our AD is Movie Theater.
Create an ER diagram with the following entities: Staff, Ticket, Movie, Session, Hall, Seat, Director, Actor, Distributor, and Roles. AND also identify the type of relations between the entities with notations and explain why you used it.

**Read the question carefully before you answer**

The table below shows the total cost and marginal cost for Chrissy's Costumes, a perfectly competitive firm producing different quantities of children's costumes. The market price of costumes is $15.00.

     Chrissy's Costs of Production

Instructions: Enter your answers as a whole number.

a. If the market price is $15.00 per costume, how many costumes should Chrissy's Costumes make?

      costumes

b. If the market price for costumes falls to $12.00 per costume, how many costumes should Chrissy's Costumes make now?

       costumes

the average total cost curve and the average variable cost curve get

A.closer and closer as output​ increases, because the

average total cost

curve is

declining.

B.farther and farther apart as output​ increases, because the average variable cost curve is

rising.

C.

closer and closer as output​ increases, because the average fixed cost curve is declining.

D.farther and farther apart as output​ increases, because the

average total cost

curve is

rising.

E.closer and closer as output​ increases, because the average variable cost curve is

rising.

Suppose that the inverse demand function, marginal revenue, marginal cost and total cost for a gizmo product produced by a monopolist are as follows:

P = 100 - 2Q

MR = 100 - 4Q

MC = 2

TC = 10 + 2Q

a. Find the monopolist's profit-maximizing output and price.

b. calculate the monopolist's profit/losses, if any.

c. What is the Lerner Index for this industry.

The graph shows the marginal cost and average total cost curves for a perfectly competitive firm. The horizontal axis measures output in thousands of units per year, from 0 to 50, increasing by 10. The vertical axis measures the revenue and cost in dollars per unit, from 0 to $25, increasing by $5. The graph shows two U-shaped curves, labeled MC and ATC. The minimum point of the ATC curve corresponds to an output of 30 and a cost of 10. The minimum point of the MC curve corresponds to an output of 15 and a cost of $4.50. The MC curve starts below the ATC curve. The upward-sloping portion of the MC curve intersects the ATC curve at its minimum point. The combinations of output and cost along the MC curve are (10, 5), (20, 5), (30, 10), and (40, 20). The combinations of output and cost along the ATC curve are (10, 22), (20, 12), (30, 10), (40, 13), and (50, 24). The above figure shows a perfectly competitive firm. If the market price is​ $15, the firm A. is making zero economic profit. B. is incurring an economic loss. C. might shut down but more information is needed about the AVC. D. is making an economic profit. E. will immediately shut down. Please answer before 12am...it's the cut-off time