MATCHING Choose the Item in Column 2 That Best Matches

question 28

Multiple Choice

MATCHING. Choose the item in column 2 that best matches each item in column 1.
Match the term with the correct description.
-Carrying capacity

• A)A core indicator of tourism development that measures the percentage of sewage from site receiving treatment
• B)The key factor of sustainable tourism that offers good value for money
• C)Strategic long term tourism plan
• D)A core indicator of tourism development that measures the number of rare/endangered species
• E)The measures of levels of impact on the site - its natural and cultural attributes due to tourism and other sector cumulative stresses
• F)A core indicator of tourism development that measures ratio of tourists to locals
• G)The indicator of potential levels of overuse of the natural resource in question
• H)The developmental limits to maintain sociocultural, economic and environmental balance while supporting the tourism industry
• I)Short term planning
• J) The measures of changes in the destination's desirability from the perspective of the tourist

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Definitions:

MC = MR

This refers to the point where Marginal Cost equals Marginal Revenue, often used as a condition for profit maximization in economic theory.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, reflecting the total financial gain of a business beyond breaking even.

Perfect Competitors

Entities in a market where no single buyer or seller has the power to influence the market price due to the industry's homogeneous nature and the presence of many participants.

ATC

Average Total Cost, which is calculated by dividing the total cost of production by the quantity of output produced.