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.
Within the long run, a monopoly cannot continually produce economic profit unless: (w) economies of scale are important. (x) corporate taxes are lowered. (y) barriers to entry are significant. (z) the monopolist maximizes profit.
Let assume that an auto manufacturer which can produce 10 cars at an average cost of $8000 per car. When the manufacturer enlarges output to 100 cars, then the average cost of production falls to $5000 per car. This firm is experiencing the: (1) Raised demand. (2) Eco
What is that market termed in which there are just two sellers (or firms)? Answer: Duopoly terms to a market condition in which there are only two sellers.
In the long-run, an increase in consumer desire for strawberries is most likely to:
Market supply: It refers to the sum of all outputs of all producers of a good at a price throughout a given time period.
Diseconomies of Scale: The diseconomies are the drawbacks occurring to a firm or a group of firms due to big scale production.Internal Diseco
When firms exit a declining competitive industry, in that case surviving firms will: (i) reduce their outputs and prices. (ii) experience higher prices and profits. (iii) automate to adjust to lower wages. (iv) sell more output at lower prices. <
When the demand for Tantalizingly Tart Tangerine-ade of Tasty Toni is relatively price elastic, then Toni can boost her total revenue through: (w) raising her price. (x) keeping her price similar. (y) lowering her pri
Can someone please help me in finding out the precise answer from the following question. The firm’s total revenue minus its net economic costs equivalents its: (1) Economic profit. (2) Taxable income. (3) Marginal income. (4) Accounting profit. (5) Psychic inco
When the economy was in a complete equilibrium, in that case the distribution of income would be precisely proportional to the distribution of: (a) taxation. (b) inheritance. (c) luck. (d) wealth.
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