Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

problem 1:

a) describe the main features of two kinds of business enterprise.
b) Illustrate the importance of limited liability to such types of business.

problem 2: With the aid of a diagram, show the effect of the given on the demand for hotel services:

a) A fall in prices
b) An increase in labor costs
c) A fall in the number of conference bookings
d) An increase in the number of short-break bookings

problem 3: With the help of exs, critically assess to what extent the increase in fast food sales is due to changing tastes as opposed to changing lifestyles.

problem 4: Describe the implications of the given for the hospitality industry:

a) Cuts in government spending
b) A fall in the value of the euro against the £
c) An increase in interest rates
d) The introduction of an airport tax

problem 5: Controlling the balance of payments and exchange rates are two of the main economic goals of the UK government.

Identify and describe two other main goals of UK government macroeconomic policy and how they might affect the hospitality industry.

problem 6:

a) describe the merits of an oligopoly market.
b) With the help of instances, illustrate the benefits of economies of scale to a small hotel chain.
c) describe the advantages of small hotels in a traditional tourist town.

problem 7:

a) describe the limitations of the ‘multiplier’ when quantifying the impact of tourist activity on a region.
b) Describe how this compares with the impact on tourism in the economy as an entire.

problem 8: For exs below, describe whether a policy of ‘load pricing’ and/or ‘price discrimination’ is being adopted:

a) Lower weekday prices at a city hotel.
b) Two- to four-night accommodation packages.
c) Reduced prices for children’s meals.
d) Reduced rate accommodation for senior citizens throughout weekdays.
e) Discounted drinks prices in the early evening.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M94748

Have any Question? 


Related Questions in Macroeconomics

Two vessels a and b each of volume 3 m3may be connected by

Two vessels, A and B, each of volume 3 m3may be connected by a tube of negligible volume. Vessel a contains air at 0.7 MPa, 95 ° C, while vessel B contains air at 0.35 MPa, 205°C. Find the change of entropy when A is con ...

1 the demand for new houses in melbourne and sydney have

1. The demand for new houses in Melbourne and Sydney have held up relatively well, compared to the other states in Australia. However, in Melbourne, it is expected that by the end of this year the increase of new apartme ...

So what is the difference between a limit check and a

So what is the difference between a limit check and a length check e.g in the case of creating agoogle account page.

A consumers preference ordering over baskets of goods x1 x2

A consumer's preference ordering over baskets of goods (x1, x2) includes the following: i) she is indifferent between (5, 90) and (35, 10); ii) she strictly prefers (20, 50) to (5, 90). Check whether convexity of prefere ...

Health insurance acts as a buffer between the consumer and

Health insurance acts as a buffer between the consumer and cost of health care goods and services. Goods and services cost the consumer less than the charged price because of the presence of health insurance. Because a c ...

Write a program that repeatedly collects positive integers

Write a program that repeatedly collects positive integers from the user, stopping when the user enters a negative number or zero. After that, output the product of all positive entries. A sample run should appear on the ...

Which of the fcaps models in your view is the most

Which of the FCAPS models, in your view, is the most difficult to design and implement in a network, and why?

The firm allocates only variable overhead costs to each

The firm allocates only variable overhead costs to each product based on direct labor hours. What is the contribution margin for each product? Which product or products should the company produce if it wants to maximize ...

Current implementation and concernsparent domain krislocal

Current Implementation and Concerns: Parent domain (kris.local) and child domain (corp.kris.local) for the organization's AD infrastructure are running on Server 2008. The following are concerns related to AD: (1) Kris C ...

1 what are some of the factors that have contributed to

1. What are some of the factors that have contributed to labor market rigidity in Latin America? Provide three explanations. 2. What is Rule of Law? What 3 countries in Latin America has strongest rule of law in 2013? Wh ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate