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?

Which of the following is not part of the mission statement of the department of homeland security? lead the unified national effort to secure america protect against and respond to threats and hazards to the nation ensure safe and secure borders coordinate intelligence operations against terrorists in other countries

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?

Do a swot analysis for the business idea you chose in question 2 above. describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea.