Business, 09.10.2019 23:30 micahmckay05
1. two important industries on the island of bermuda are fishing and tourism. according to data from the food and agriculture organization of the united nations and the bermuda department of statistics, in 2009 the 306 registered fishermen in bermuda caught 387 metric tons of marine fish. and the 2719 people employed by hotels produced 554,400 hotel stays, measured by the number of visitor arrivals. suppose that this production point is efficient in production. assume also that the opportunity cost of 1 additional metric ton of fish is 2000 hotel stays and that this opportunity cost is constant (the opportunity cost does not change). if all 306 registered fishermen were to be employed by hotels, in addition to the 2719 people already working in hotels, how many hotel stays could bermuda produce?
Answers: 1
Business, 22.06.2019 14:30
Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.
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Business, 22.06.2019 23:40
Robert is a district manager who oversees several store managers in a national chain of restaurants. robert reports directly to the vice president of stores and marketing, a member of top management. robert is a middle manager.t/f
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Business, 23.06.2019 02:00
One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve.has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve.is a lower opportunity cost producer of the good.
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1. two important industries on the island of bermuda are fishing and tourism. according to data from...
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