Business-to-consumer

environmental impact is convince products are produced because they become popular among consumers. As the popularity of a product increases more production is needed, which is the first problem. The more production of a product, the more waste is produced from the factories and the consumers who throw out the packaging producing more waste. Convenience products are also all about being appealing to the consumers, that way consumers purchase more. To make it appealing more ink and often…

Consumer Choice Theory and Marginal Analyst In order to understand consumer choice theory and marginal analyst there are a few definitions to define and quantify. Util = a hypothetical unit used to measure how much utility a person obtains from consuming a good. Utility=a satisfaction or please a person obtains from consuming a good or service Total utility=the amount of satisfaction received from all the units of a good or service consumed Marginal utility is the change in total utility…

2-part tariff which capture all or most of the consumer surplus, in a monopolistic market. Consumer surplus is the difference between the consumer willingness to pay for a good, compared to the total amount the consumer actually pay. Furthermore, firms have to adjust their 2-part tariff pricing according to the type of consumer demand present in the market. A 2-part tariff is a second-degree price discrimination technique which consist of charging consumers with 2 fees, an entry fee for the…

nfluence of Annual Household Income on Going to College Introduction: There comes a time when some families must make the decision of whether or not to send a child to college. There are many benefits to a college education that become noticeable throughout a person’s life such as a higher salary than those of an individual without a college degree. College may also produces a multitude of long term setbacks to overcome with the largest being debt. Therefore the family must consider a…

Maharashtra in India, that is dedicated to enabling communities to reclaim their agency for narration by reimagining their positionality as subjects of narratives, to consumers of narratives. Kyun Bayaan Karein? (Why should we narrate?) This project is centered around highlighting the privilege of consumption. Consumption is a consumer-driven and producer determined force, wherein the construction of the “consuming subject” determines who can be constructed as a “consumable subject”, to…

Positive correlation: If the increase or decrease in one variable affects the increase or decrease in another variable, we say that the two variables are positively correlated. Negative correlation: If the increase or decrease in one variable affects the decrease or increase in another variable, we say that the two variables are negatively correlated. Correlation coefficient: It studies about the degree of the relationship between the two variables. Or it studies about the strength of the two…

1.What does a supply curve illustrate? What would make the supply curve shift? Provide two examples from the market for orange juice where supply contracts (curve shifts left). The supply curve illustrates the how much the sellers are willing to supply a good at different prices, as the price goes up the supply will increase and as the price goes down the supply will decrease. The supply curve shifts because of changes in costs or technology innovations, these changes can shift the supply curve…

word iso, meaning equal) is a contour line joining the set of all points at which a quantity of output is produced while varying quantities of two and/or more inputs. An indifference curve mapping helps us to arrive at the utility-maximization of consumers, the isoquant mapping deals with the cost-minimization of producers. Isoquants are ideally drawn alongside isocost curves in capital-labour graphs, showing the technological trade-off between capital and labour in the production function, and…

this chapter Ariely discusses how dishonest offers look like great deals, but instead are taking advantage of our gullibility. He argues that originally trustful people quickly lose that trust when cheated and it is hard to get it back. In terms of business and economics people are now recognizing that businesses do what’s in their best interest and not necessarily what’s in the public’s best interest, which diminishes trust. Not only do businesses engage in distrust but so do people in terms…

Research question: How does the mass (grams[±0.1g]) on one side of a pulley affect the mass (grams), and create equilibrium? Hypothesis: If the differences in masses (grams{±0.1g}) on each side of the pulley increases, then the mass in the middle of the two pulleys will be required to increase, because they will have to balance out each other’s mass to establish equilibrium. If the mass (grams{±0.1g}) on a side of a pulley decreases, then the mass in the middle of the two pulleys will be…