ustainable tourism is a long-term commitment. The energy consumption in the tourism industry is usually through accommodation and transport. Energy is marked by all of the following Except a. The use of renewable energy, efficient technologies and other sustainable practices may help to mitigate the high cost and negative effects b. Tourism initiatives which use electricity for cooling, heating, lighting, water heating, cooking and other key services in hotels, restaurants and resorts c. Cost which may have no impact on the tourism sector in terms of profitability d. High costs which may have direct and indirect impact on the tourism sector in terms of profitability

ustainable tourism is a long-term commitment. The energy consumption in the tourism industry is usually through accommodation and transport. Energy is marked by all of the following Except a. The use of renewable energy, efficient technologies and other sustainable practices may help to mitigate the high cost and negative effects b. Tourism initiatives which use electricity for cooling, heating, lighting, water heating, cooking and other key services in hotels, restaurants and resorts c. Cost which may have no impact on the tourism sector in terms of profitability d. High costs which may have direct and indirect impact on the tourism sector in terms of profitability

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 15QFR

See similar textbooks

Similar questions

what are the environment impact of the virtual reality gaming ? what are the benefits of the virtual reality gaming in commercial sector? what are the demographic impact of virtual reality gaming?
PRICE (Dollars per room) 500 450 400 350 300 250 200 150 100 50 0 0 Demand + 50 100 150 200 250 300 350 400 450 500 QUANTITY (Hotel rooms) Graph Input Tool Market for Oceans's Hotel Rooms Price (Dollars per room) Quantity Demanded (Hotel rooms per night) Demand Factors Average Income (Thousands of dollars) Airfare from DSM to ACY (Dollars per roundtrip) Room Rate at Meadows (Dollars per night) 300 200 40 200 rooms per night to ,hotel rooms at the Oceans and hotel rooms at the Meadows are 200 For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Oceans is charging $300 per room per night. If average household income increases by 50%, from $40,000 to $60,000 per year, the quantity of rooms demanded at the Oceans rooms per night to rooms per night. Therefore, the income elasticity of demand is Oceans are ? from meaning that hotel rooms at the If the price of a room at the Meadows were to decrease by 20%, from $200 to $160,…
DrivingNowhere is producing automobile spare parts. Consider the following data to answer below given questions. Annual demand 30500 Daily demand 100 Daily production 800 Desired lot size 200 Holding cost per uit per year $10 (a) Compute the setup cost so as to comply with the desired lot size. (b) Compute the setup time if hourly setup labor cost is $40.
Q) Economic Costs Owner/operators of small gas stations rarely pay themselves an hourly wage. How does this practice affect the economic cost of dispensing gasoline?
explain how marketers practice the societal marketingconcept and sustainability
Identify one environmental factor or risk that affects the decision-making opportunities within your organization. Provide a brief description of the concerns and potential solutions for addressing the concerns or risks. Are there financial requirements that must be considered when processing decisions within a company?
What happens to the firm's supply curve if there is an excess capacity in the production? (a) Price elastic (b) Unit Price Elastic (c) Price Inelastic (d) None of the above
PRICE (Dollars per room) 500 450 400 350 300 250 200 150 100 50 0 Demand 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Hotel rooms) Graph Input Tool Market for Lakes's Hotel Rooms Price (Dollars per room) Quantity Demanded (Hotel rooms per night) Demand Factors Average Income (Thousands of dollars) Airfare from DSM to ACY (Dollars per roundtrip) Room Rate at Mountaineer (Dollars per night) 350 150 50 100 200 ? For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Lakes is charging $350 per room per night. If average household income increases by 10%, from $50,000 to $55,000 per year, the quantity of rooms demanded at the Lakes rooms per night to rooms per night. Therefore, the income elasticity of demand is from , meaning that hotel rooms at the Lakes are If the price of an airline ticket from DSM to ACY were to increase by 50%, from $100 to $150 roundtrip, while all other demand factors remain at their initial values,…
SOLVE STEP BY STEP DONT USE CHATGPT In a market, a supply and demand table is presented for a product. Assume that your relationship is linear Price in dollars (P) 300 350 400 450 Quantity (Q) Weekly Offered (O) 1000 2000 3000 4000 Quantity (Q) Weekly Respondent (D) 3000 2500 2000 1000 Find the linear supply and demand functions for this product Find the market equilibrium point
One of the main objectives for firms is profit maximization. (a) Explain, using diagrams, how price-setting firms choose the quantity and price that maximise their profits. (b) Compare your answer to part (a) with the profit maximization process in a price-taking firm. E Please select file(s) Select file(s)
find an innovational and creative solution for an existing problem in real life explain by the following rules problem definition the solution to the problem the requirement target audience SWOT analysis business plan conclusion (innovation and creativity lesson)
PRICE (Dollars per room) 500 450 400 350 300 250 200 150 100 50 0 0 Demand 50 100 150 200 250 300 350 400 450 500 QUANTITY (Hotel rooms) Graph Input Tool Market for Big Winner's Hotel Rooms Price (Dollars per room) Quantity Demanded (Hotel rooms per night) Demand Factors Average Income (Thousands of dollars) Airfare from LAX to LAS (Dollars per roundtrip) Room Rate at Lucky (Dollars per night) 200 300 40 250 250 For each of the following scenarios, begin by assuming that all demand factors are set to their original values and Big Winner is charging $200 per room per night. If average household income increases by 25%, from $40,000 to $50,000 per year, the quantity of rooms demanded at the Big Winner from rooms per night to rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Big Winner are If the price of a room at the Lucky were to decrease by 20%, from $250 to $200, while all other demand factors remain at their initial values, the quantity…