Is tourism sustainable? if yes state the reason/ if no state the reasons  2.  outline steps that can be taken in making tourism sustainable 3. give at least three recommendations

Q: 3. Describe any five important differences between the labour market and the goods market.

A: Labour Market: A labour market is a place where labour and organization meet for achieving…

Q: Q2. Bob's wealth is $2500. However, he faces a 50% chance of suffering a $900 loss. His utility…

A: utility addresses the satisfaction that purchasers/consumers get for consuming a decent or…

Q: According to the vacancy supply condition, market tightness increases with:

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Q: 1. Donna, a highly motivated entrepreneur plans on applying for a business loan from Bank of…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first 3 questions for you.…

Q: Terry attends college and works part-time in a drug store. She can work up to 40 hours per week and…

A: Marginal utility is the change in total utility because of an increment in element by one unit. We…

Q: 3. Current structure of the Fed In the following table, use the selection menu to arrange the levels…

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Q: 8. A firm produces 400 units of output at a total cost of $1,200. If total variable costs ar a.…

A: Given that, Output (Q) = 400units Total cost = $1,200 Total variable cost = $1,000

Q: After reviewing and understanding the functions of the Federal Reserve, would you agree that many…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Match each statement with the appropriate market structure: A. Oligopoly B. Monoplistic Competition…

A: Match each statement with the appropriate market structure.

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A: The profit is maximized where the gap between the TR and TC is maximum.

Q: Using the following graph, an increase in output from 120 units to 160 units would $24 $22 $20 $18…

A: Socially efficient outcome is where the demand curve intersects the social cost curve.  Social cost…

Q: I know that the equilibrium is 8 and that is where the total surplus is maximized, however, I don't…

A: Answer to the question is as follows:

Q: 6. Consider an economy of three-period-lived people in overlapping gener- ations. Each individual is…

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Q: Vision technologies, Inc., is a small company that uses ultra-wideband technology to develop devices…

A: Total Present Value means, in case of a Financial Offer comprising of Financial Consideration…

Q: Consider a monopolist's demand curve: and a total cost curve of: q= 2400 - 2p TC = 800+600q (a)…

A: Demand curve is the graphical representation of demand schedule.  Equilibrium is where demand equals…

Q: Toyota Motor Corporation operates in a oligopolistic market. How should firms reacte to a recession…

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Q: In 2003, the economy of Microtania had an aggregate demand and aggregate supply according to the…

A: Equilibrium is where demand equals supply.  In short run , Equilibrium is where Aggregate demand…

Q: Redo the problem in Question 2 under the assumption that the person has utility function u(c) = In…

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Q: 7. Consider the model of illiquidity where individuals live for three periods. Each individual is…

A: Given that Nt reflect the total population of the generation born at time t. with Nt = nNt−1. We…

Q: Kevin, a worker in Volcania, can produce 182 baskets of Peaches in a(n) 11-hour shift. Calculate…

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Q: Know key terms: Explain in your own words (not google) the following: -LRAS -Aggregate Demand…

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Q: Refer to the sample data for polygraph tests shown below. If one of the test subjects is randomly…

A: Set of outcomes is called event  Outcomes are the possible results  Probability is the ratio of…

Q: countries that have experienced hyperinflation, what role have large government budget deficits…

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Q: The aggregate production function is Y = 2KL. There are 36 units of capital and 25 units of labor.…

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Q: 2. Kelly, a bright college student finds out that the iPhone 14 was just launched this past week in…

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Q: Loan servicing includes a number of responsibilities such as collecting monthly mortgage payments…

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Q: Suppose the president of a college argues that a 25 percent tuition increase will raise revenues for…

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Q: Suppose that the firm Smith Co sells 400 blouses per month for $80 per blouse. Roberto, the owner of…

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Q: 5. A manufacturer has been shipping his product (moderately heavy machines), mounted only on skids…

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Q: 9. The Shellfish Shack produces only shrimp and oysters. The table below shows the maximum possible…

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Q: c) Assuming that the cost of employing each worker is $220 per day (including wages and materials),…

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Q: Exercise 3. Suppose a game has an exact potential o. Show that is an exact potential for the game if…

A: The study of how interdependent actions made by economic agents lead to outcomes that are connected…

Q: Suppose demand and supply are given by Qd = 40 − P and Qs = 1.0P − 10. Determine the quantity…

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Q: The figure below depicts the production possibilities curve (PPC) of a country. It also depicts the…

A: A production possibility curve (PPC) shows the maximum possible output combinations of two goods or…

Q: a. Does any country have absolute advantage in the production of the goods? b. Does any country have…

A: Absolute advantage and comparative advantages are the two widely used terms in Internation Trade.…

Q: A club good, like satellite TV service, is... Onot excludable and not rival O excludable and not…

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A: compensation of VP = Salary + 0..75 of 1,50,000 + 10% of 150,000 The purchase price is 4.5 times of…

Q: Suppose that demand and supply of apples are described by the following equations: P = 100 - 3Q…

A: The quantity demanded is the number of units of the commodities that customers have ordered at a…

Q: True/False A Well tested or widely accepted economic theory is often called an economic principle

A: The economic principles are those principles which satisfy unlimited consumer wants with very less…

Q: Suppose demand is D and supply is S0. If a price floor of $12 is imposed, what is the resulting…

A: Price Ceiling A price ceiling is welfare computed opted by the governments to increment the welfare…

Q: ) Write a clearly normative economic statement referring to comparative advantage. Explain why is it…

A: A normative statement offers a value judgement regarding the desirableness of a situation in several…

Q: A heavy equipment manufacturing company has produced its first unit using 3500 hours and $300,000…

A: Production costs can include a variety of expenses, such as labor, raw materials, consumable…

Q: Give examples supply and demand regarding the Chip shortages in the US post covid (paragraphs)

A: Demand and supply in the market makes up the equilibrium of the market.

Q: Refer to the sample data for polygraph tests shown below. If one of the test subjects is randomly…

A: Probability shows the chances of getting the outcome.  Probability = No. of favourable outcome ÷…