Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 31, Problem 11QP
(a)
To determine
Evaluation of linking spending programs to visible hikes in tax.
(b)
To determine
Evaluate whether the congress can spend more revenue when amending the balanced budget
(c)
To determine
Evaluate the situation when people vote for the distribution of federal dollars to different categories of spending.
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Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows.
Rental Class
Super Saver
Deluxe
Business
Room
Type I
Type II
$30
$35
$20
$30
$40
Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a
particular night is 140 rentals in the Super Saver class, 50 rentals in the Deluxe class, and 40 rentals in the Business class. Round Tree has 100 Type I rooms and 120 Type II rooms.
(a) Formulate and solve a linear program to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types. (Assume S₁ is the number of Super Saver rentals allocated to room type I, S₂ is the number of
Super Saver…
Chapter 31 Solutions
Economics (MindTap Course List)
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