Tourism effects
How tourism effects in an upcoming industry?
Expert
Tourism is an upcoming industry because it is generating high level of income, these days it is on third number of high income generating industry.
The economies of scale exist whenever average production costs: (1) Increase as the level of output increases. (2) Drop as the level of output increases. (3) Stay similar as the level of output increases. (4) Drop as the level of output drops. Q : Why economic problems occur Why Why economic problems occur? Answer: This is due to unlimited or infinite wants and inadequate resources.
Why economic problems occur? Answer: This is due to unlimited or infinite wants and inadequate resources.
The owner of a city centre car park desires to know the best price to charge for parking throughout office hours on weekdays. On a usual weekday, the car park is at present only half full.
Outputs and average prices for CDs and DVDs both rose throughout 1999 to 2000 (just before file sharing became ordinary), implying such that: (1) supply of prerecorded music should have grown. (2) law of demand does not apply to music. (3) demand for
Economic rent is: (w) income received by a factor owner in excess of the social opportunity cost of supplying the resource. (x) the difference between a firm’s revenues and the sum of the fixed and variable costs of production. (y) a form of eco
Reduction in the size of average American family is most probable to: (i) Erode rates of the technological advancement. (ii) Raise the demand for disposable diapers. (iii) Decrease women’s labor force participation rates. (iv) Increase the contribution of family
The short-run supply curve for a purely competitive industry is the horizontal total of the: (a) quantities demanded by consumers at each price. (b) prices charged by individual firms for each quantity supplied. (c) quantities supplied by established
The percentage change within quantity demanded along this demonstrated linear demand curve is: (w) greater than the percentage change within price in range b. (x) smaller than the percentage change within price in range a. (y) precise
I have a problem in economics on Short Run-input of firms cannot be changed. Please help me in the following question. In short run, the firm: (i) Can change any input. (ii) Can’t change any input. (iii) Cannot change the output. (iv) Has at lea
Surplus budget: When receipts of government are greater than its receipts, it is termed as surplus budget.
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