Contents:
Production function of tourism products: concepts and types; Concepts of cost: opportunity cost,
accounting cost and economic cost, fixed cost and variable cost in tourism industry; Economic profit and
business profit; Market structure: concepts and characteristics, Firm’s equilibrium and profit
maximization model; Pricing practices: price discrimination, cost-plus pricing, incremental cost pricing,
bundling, tying, two-part tariffs
This study notes is prepared by Mr.Prakash Chand Thakury (Student from Sudur Pachimanchal College, Dhangadi, Nepal). “Thank you for your important contribution, We value you and your immense efforts”.
