subject
English, 18.02.2022 04:30 urqujr420

Two important industries on the island of Bermuda are fishing and tourism. Data shows that, in 2009, a total of 306 fishermen in Bermuda caught 387 metric tons of marine fish. And
the 2,719 people employed by hotels produced 5,54,400 hotel stays (measured by the number
of “visitor arrivals”). Suppose that this production point is efficient. Assume also that the
opportunity cost of 1 additional metric ton of fish caught is 2,000 hotel stays lost and that
this opportunity cost is constant (i. e., it doesn’t change).
(a) If all 306 fishermen were to be employed by hotels (in addition to the 2,719 people already
working in hotels), how many hotel stays could Bermuda produce?
(b) If all 2,719 hotel employees were to become fishermen (in addition to the 306 fishermen
already working in the fishing industry), how many metric tons of fish could Bermuda
catch?
(c) Draw a production possibility frontier (PPF) for Bermuda, with “fish caught” on the
horizontal axis and “hotel stays” on the vertical axis. In this PPF, indicate Bermuda’s
actual production point for the year 2009.

ansver
Answers: 3

Another question on English

question
English, 21.06.2019 21:00
Sense and sensibility - chapters 41-50 do eilinor and marianne each end up with the best husband possible? give reasons for your answer.
Answers: 1
question
English, 22.06.2019 05:00
For all of those, i want the answer. me.
Answers: 1
question
English, 22.06.2019 07:00
Which is the best summary of emerson’s view of solitude expressed in society and solitude? spending time in solitude is preferable to spending time in society, and it is ultimately more beneficial. though solitude is not necessarily valuable in and of itself, it is important to recognize its significance within a larger community. solitude can be beneficial in that it allows the mind to contemplate necessary and difficult questions. only through spending time in solitude and in deep observation of the natural world can one find happiness within society.
Answers: 1
question
English, 22.06.2019 07:30
Match the term to its meaning 1. introduction 2. body paragraphs 3. conclusion - draws the readers attention - the key points in a few sentences - each with only one main idea
Answers: 2
You know the right answer?
Two important industries on the island of Bermuda are fishing and tourism. Data shows that, in 200...
Questions
question
Biology, 18.10.2019 11:30
question
Chemistry, 18.10.2019 11:30
question
Biology, 18.10.2019 11:30
Questions on the website: 13722363