The daily demand for hotel rooms on Manhattan Island in New York is given by the equation 
The daily supply of hotel rooms on Manhattan Island is given by the equation 
Diagram these demand and supply curves in the price and quantity space. What is the equilibrium price and quantity of hotel rooms on Manhattan Island? 
Definitions:
Investment Center
A business unit within an organization that is responsible for its own revenue, expenses, and investments, and is evaluated based on its return on investments.
Revenues
The total income generated from normal business operations, before any expenses are deducted.
Profitability
Refers to a company's ability to generate earnings over its costs and expenses.
Controllable Margin
Controllable margin refers to the amount of profit or income that can be directly influenced by the management's decisions, usually excluding fixed costs and overhead.
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