Hotel rooms in smalltown go for $100, and 1,000 rooms are rented on a typical day. a. to raise revenue, the mayor decides to charge hotels a tax of $10 per rented room. after the tax is imposed, the going rate for hotel rooms rises to $108, and the number of rooms rented falls to 900. calculate the amount of revenue this tax raises for smalltown and the deadweight loss of the tax. b. the mayor now doubles the tax to $20. the price rises to $116, and the number of rooms rented falls to 800. calculate tax revenue and deadweight loss with this larger tax. are they double, more than double, or less than double? explain.

Responsible for setting the goals and planning for the future as well as leading and controlling the work of others. out the decisions of top management. often responsible for various departments such as the production, marketing, and accounting departments. process or function of planning organizing leading and controlling. the resources arranged in an orderly and functional way to accomplish goals and objectives. the company on track and making sure goals are met. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. act or process of creating goals and objectives as well as the strategies to meet them. for the daily operations of a business. examples of this are supervisors, office managers, and crew leaders. how the firm is structured and who is in charge of whom. direction and vision

An arithmetic progression involves the addition of the same quantity to each number.which might represent the arithmetic growth of agricultural production

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?