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1. For what reasons might economists be interested in segmentation in tourism?
2. Discuss the three methods of segmentation or the tourists' market.
Business Economics, Economics
Currently, fringe benefits make up about 30% of U.S. workers' total compensation. Suppose the U.S. government decides to tax fringe benefits as ordinary income. How might this affect the level of fringe benefits as a sha ...
Looking for detailed solution for this question. Consider three Firms out of a competitive industry. They have the following technologies: C1(y) = y^2 + 4, C2(y) = y^2 + y + 4, and C3(y) = y^2 + 2y + 4 respectively. a) S ...
How might profit maximization lead to higher demand for female workers and result in female workers earning higher wages than male workers in the same firm?
Maureen has preferences for two goods to be consistent with the utility function. The price of good 1 is $4 each, and the price of good 2 is $12 each. For what incomes will good 1 be normal?
The partners at an investment firm want to know which of their two star financial planners, Brayden or Zoe, produced a higher population mean rate of return last quarter for their clients. The partners reviewed last quar ...
After paying $1.50, you are allowed to open a newspaper vending machine freely (i.e. get as many as you want). In contrast, a soft drink vending machine only drops one can after you pay the same amount of money. Why? Ple ...
During the winter of? 2008-2009, the average utility bill for residents of a certain state was ?$173 per month. A random sample of 30 customers was selected during the winter of? 2009-2010, and the average bill was found ...
Suppose there is no inflation and an insurance company offers a contract that would pay $500,000 with certainty 50 years from now. What is the most that this contract would be worth today if: 1. The rate of interest is 7 ...
Below are the supply and demand schedules for fresh coffee in Vancouver: Price ($/cup) Quantity Demanded (cups/day) Quantity Supplied (cups/day) 1 440 330 2 415 360 3 390 390 4 365 420 5 340 450 6 315 480 7 290 510 a. Wh ...
A game is played with a bag of marbles. The bag contains 3 red, 5 blue, and 10 yellow marbles. A player can reach in the bag and randomly select one marble. If the marble is Red the player gets $12. If the marble is Blue ...
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