Factors of production can be substituted to minimise costs

Assignment Help Business Management
Reference no: EM131951333

Give a tourism/hospitality relevant example of how the factors of production can be substituted to minimise costs.

Reference no: EM131951333

Questions Cloud

Identify the purpose of the icd coding system : Investigate the history of coding and identify the purpose of the ICD coding system. What is the significance of its use?
Define a class called month that is an abstract data type : Define a class called Month that is an abstract data type for a month. Your class will have one member variable of type int to represent a month.
Identify an information management domain : Identify an information management domain and focus of interest . Model and design an information management data structure.
Manufacturing firm compared to a service firm : What is the difference between average costs in the short run for a manufacturing firm compared to a service firm?
Factors of production can be substituted to minimise costs : Give a tourism/hospitality relevant example of how the factors of production can be substituted to minimise costs.
Define a class called odometer that will track fuel : Define a class called Odometer that will track fuel and mileage for an automotive vehicle. The class should have member variables to track the miles driven.
Describe three external economies of scale : Describe three external economies of scale that could be seen in the Gold Coast tourism industry.
Define a class for a type called fraction : Define a class for a type called Fraction. This class is used to represent a ratio of two integers. Embed your class in a test program.
What are some of the cultural artifacts : What are some of the cultural artifacts and what do they say about the current culture (values and assumptions) of the high school?

Reviews

Write a Review

Business Management Questions & Answers

  Product supplied by a hospital organization

Explain what is the service or product supplied by a hospital organization and what is the market structure for the market in which this firm supplies this product

  Technology display economies of scale

1. A firm produces two products, X and Y. The production technology displays the following costs, where C(i,j) represents the cost of producing i units of X and j units of Y:

  Consider in retaining loyalty

There are 3 strategies that a hotel may consider in retaining loyalty from its top spending 20% of customers. These are

  How did you meet expected and unexpected challenges

How unique was the context? How creative was your strategy? How did you meet expected and unexpected challenges? Have you included all the relevant details? Is it interesting? Is it well written?

  Configuration and troubleshooting of complex

Explain and demonstrate competence in the configuration and troubleshooting of complex EIGRP networks

  Develop a report on the current and upcoming trends

Using your textbook and recent publications, develop a report on the current and upcoming trends in the restaurant industry. Your report should include news information about food, marketing, nutrition, equipment, technology, new services, and new..

  What is effect on the number of annual

What is effect on the number of annual doses sold of a 10% increase in the price of the drug? Explain how you obtain your answer, showing all calculations.

  Maximizing choice of days traveling

Find Eric's utility maximizing choice of days traveling domestically and in a foreign country. Find also his utility level from consuming that bundle. (6 points) Suppose that the price of domestic traveling increases to $250 per day. Calling his ..

  Illustrate what kind of inputs do you want

When thinking about the "Voice of the Consumer" also the Stage-gate process, at illustrate what points do you gather input from the consumer? Also, illustrate what kind of inputs do you want?

  Discuss the implications the transfer pricing policies

Evaluate and discuss the implications of the following transfer pricing policies. Start with an introduction and end with a recommendation.

  Provide a businesss responsibilities to the environment

Analyze a business's responsibilities to the environment, employees, customers, investors, and the community, and determine which is the most important.

  Assimilation and pluralism

This week we discussed assimilation and pluralism. Assimilationists argue ethnic minority groups should adopt local cultural practices while pluralists defend ethnic differentiation.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd