7. Why is transient displacement analysis so important in determining whether to accept a group reservation? 8. What is the difference between marginal cost and fixed cost? 9. What does the equivalent occupancy equation consider that the identical yield equation does not? Why is the difference significant? What important question does neither equation address? vile 10. Should a group reservation be accepted or rejected solely on the basis of its effect on room revenue? Why or why not? 11. What are several tactics that may be appropriate to take when room demand is low? When room demand is high? 12. What is the hurdle rate? How is it used in revenue management? What avail- ability strategies are used as part of revenue management? 521 bass in bns