Answer:
a. If all 307 registered fishermen were to be employed by hotels (in addition to the 3,409 people already working in hotels), how many hotel stays could Bermuda produce?
since the opportunity cost is constant, then if all 307 fishermen decided to become hotel workers, then the total number of hotel stays would be (286 tons of fish x 2,000 stays per ton) + 538,000 stays = 1,110,000 stays
b. If all 3,409 hotel employees were to become fishermen (in addition to the 307 fishermen already working in the fishing industry), how many metric tons of fish could Bermuda produce?
total number of fish caught = (538,000 stays / 2,000 tons per stay) + 286 tons of fish = 555 tons of fish caught
c. attached graph
Answer:
Mobile device eases the process of providing and receiving feedback. If your customers have concerns or problems with what your business offers, they can let you know in a timely manner. Mobile device gives customers a convenient and accessible way to express what they feel and gives companies a chance to respond. With such platforms, businesses are able to view complaints and assure their customers that their problems will be dealt with.
Explanation: the way I see the advantage of mobile devices evolving in the next 5 years.
it will be very easy for customers to get their orders at their doorstep without going out of their comfort Zone which is also happening now but by there the service will be faster.
Easy access to desired product and services
It will make work easier for the organization and also on time delivery for the client.
<u>Solution and Explanation:</u>
Required Return after 5 year = Real rate of return + Inflation premium + Risk premium
Required Return after 5 year = 5+2+4
Required Return after 5 year =11%
No of year left to maturity = 25
Annual Interest payment = 15%*1000 = 150
Face value of Bond = 1000
New price of the bond = pv (rate, nper, pmt, fv)
New price of the bond = pv (11%,25,150,1000)
New price of the bond = $ 1336.87
Hospice care
Care designed to give supportive care to people in the final phase of a terminal illness and focus on comfort and quality of life, rather than cure. The goal is to enable patients to be comfortable and free of pain, so that they live each day as fully as possible.