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1. Explain in your own words the discrepancy between consumers' and producers' view of tourism as a product.
2. What is meant by the" opportunity costs" of tourism? Show how these may be linked to seasonal patterns of tourism.
Consider the microenvironment facing a large, international airline headquartered in US (American or United Airlines) give 2 examples of important trends or events from each of 5 segments of airlines microenvironment ( macroeconomic, technological, d..
What is the profit-maximizing price and output level? Solve this algebraically for equilibrium P and Q and also plot the MC, D and MR curves and illustrate the equilibrium point.
Two identical company's save money from polluting. A company's marginal savings from emitting an amount are given by 10 - 2e. The two firms differ in their impact on ambient pollution concentrations.
After years of civil war, the Republic of South Sudan must rebuild its infrastructure from scratch. Its government is eager to encourage infrastructure investment by private investors. South Sudan has achieved greater productivity for each unit of ca..
Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demand or each the following values of the MPC. Then calculate the change if the gove..
Is the industry or industries in which the firm operates conducive to abnormally high rates of return.
You are the manager of a firm that plans to expand the human resource base of its operation by hiring additional business school graduates over the next few years. That same article reports that the shakeup of upper-management is over at U.S. firms, ..
Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for possible future product and estimates that the reservation value is $250..
What is the optimal consumption bundle (a*,b*)? What can you say about this utility function?
Explain due to a growing US economy, the overall market demand for nails will increase by 2%. Based on this information, should you plan to increase or decrease your production of nails.
Equivalent to selecting the output where the spread between total revenue and total cost is greatest.
1. discuss the pros and cons of central banks setting policy based on rules as opposed to setting policy based upon the
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