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Its worth enduring a little second hand smoke. If you are traveling with children consider opting for the non smoking room and asking the reception for a quick peek into the smoking area, they will be happy to oblige and show you in. The Haichiko Memorial commemorates a dog who was so faithful that even after his owner died he continued to visit Shibuya Station every day to wait for his owner. The Haichiko Statue sits where Haichiko used to sit every day to wait. The story became very famous and several movies have been made to tell his story. There is also a beautiful mosaic art work on the wall of Shibuya Station which tells the story.

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Q1. What is the difference between explicit costs and implicit costs?List three examples each of explicit costs and implicit costs that may be experienced by a small business. Q2. In economics, what is the difference between the short run and the long run?Explain using a real world example why the length if the short run varies for different firms. Q3. A firm has fixed costs of $60 and variable costs as indicated in the table below. For each level of output total product, calculate total fixed cost, total cost, average fixed cost, average variable cost, average total cost and marginal costQ4. Draw the typical relationship between short and long run average costs. Using the graph explain how the average cost changes in the short run when output increases. Again using the graph explain how the situation changes when, given the same increase in output, firms are in the long run. Q5.

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The Edo Tokyo Museum in the Ryogoku area of Tokyo is perhaps as striking from the inside as it is from the outside. Architect Kiyonori Kikutake based his design on the old kurazukuri style storehouses of Japan and the building gives you a taste of the fine balance between old and new youll find in its exhibits. Youre welcomed into the museums permanent exhibition by a full sized replica of the Nihonbashi Bridge that linked two sides of the Nihonbashi River in Tokyo since the 17th century. As you make your journey over the bridge and through time, you learn about the townspeople of Edo the former name of Tokyo and the transformation of their city from Samurai rules castle town through commerce with other villages and islands, the industrial revolution, destroying earthquakes and wars to the modern Tokyo we know today. This museum is suited for all ages, as many of the displays are interactive and there is lots to see and do. My favourite part of the permanent exhibition were the many miniatures showing tiny versions of buildings, people and even complete parts of the city. You can easily spend half a day here to look at all the incredible details and discover something new every time!Tokyo is perhaps one of the largest cities tourists can visit, and the only way to fully appreciate the scale of Japans capital is to see it from above. The Tokyo Skytree is a worth while attraction that is sometimes overlooked by visitors due to its location in the north eastern suburbs, a 45 minute train ride from Shinjuku or Shibuya. If youre fortunate enough to visit on a clear day, Mount Fuji can even be seen in the distance. The view is sure to leave you speechless. In 2017 the Skytree will be celebrating its 5th birthday so theres never been a better time to visit.

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