A German travel company considers its future
A German travel company decides to stop selling holidays in Italy and instead to offer holidays in a new
destination. This is the Maldives, a group of islands in the Indian Ocean, famous for their long hours of
sunshine and sandy beaches. Tourism is a fast growing industry. Not all families, however, are able to go
on holiday whether at home or abroad. Most of those who take holidays would like to have more
holiday breaks.
a. What evidence is there in the passage of scarcity? (3)
b. Using examples, identify three factors of production involved in providing holidays in the
Maldives.(6)
c. Explain the difference between an economic good and a free good.(4)
d. Identify a free good from the passage.(1)
e. Explain the relevance of opportunity cost for a travel firm in deciding how to use its
resources.(6)
Answers: 2
Business, 22.06.2019 03:00, aparr2007
Working with a word processor requires more than just a knowledge of typing. a good word processor includes a number of tools designed to aid in formatting documents to meet the needs of the reader. in this project you will use your word-processing skills and a basic knowledge of apa style to format a research paper. the skills you will need for this project include the following: adjusting line spacing (double-spacing) breaking text into pages (page break) centering text changing the font, style, and size of the text editing text inserting page numbers inserting a table using spell check
Answers: 1
Business, 22.06.2019 13:10, kell22wolf
Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.
Answers: 3
A German travel company considers its future
A German travel company decides to stop selling holida...
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