Inverse demand function

Problem Statement: Ralph and Jody go to the shop to buy candy bars and potato chips. Ralph buys 3 bags of potato chips and 4 candy bars. The potato chips and candy bars cost 3 dollars and 75 cents for Ralph. Jody buys 4 bags of potato chips and 2 candy bars. The potato chips and candy bars cost 3 dollars for Jody. Later, Clancy asks to buy 1 candy bar and one bag of potato chips from them. How much should he pay? Ralph writes 3p + 4b = 375. If p stands for the cost, in cents, of a bag of potato…

consumer power (demand) that the supermarket create provide the supermarkets with a “Prime Real Estate” power. As she points out, “Which products get the prime space? Stores also collect revenue by “renting” real estate to the companies whose products they sell. This unsavory system puts retail food stores in firm control of the marketplace”. This provide supermarket with a powerful tools to be able to control Supply and…

Correlation (or association) is when two different factors react similarly to one another because of a connecting variable, but are not occurring as a result of one another. Causation is when a change in one factor results in a corresponding change in another factor. An example of a positive correlation is ice skating and the avalanches. It would be weird if ice skating was a cause of avalanches. An actual cause of both of those things that link them is the cold weather. Between correlation…

Q5. Discuss whether Rentberry can improve fairness of the housing rental market. (2 mark) The rentberry app does not create fairness to consumers as it creates inequality between different income class levels. High-income earners have an advantage whilst low-income earners are at a disadvantage. Low income earners have a low chance of winning an auction for rental properties due to being outbid by high income earners. On the other hand, high income earners have a higher chance of winning an…

-On average, the nation’s heavy rail lines carry almost five times as many passenger miles per route mile as the nation’s light rail lines. -City Block Trains running in city streets can be no longer than the length of a city block; otherwise, they would obstruct traffic every time they stop. A typical light rail car is a little more than 90 feet long. -Platform Heavy rail lines can run trains as long as the platforms at each station. Longer trains mean more capacity. The effectiveness of new…

apples. Despite the higher demand, buyers are buying less apples because of the higher prices. At the old price there would be a shortage, we know this because the quantity supplied is less than the quantity demanded. The new equilibrium is created when buyers become unhappy during an ongoing shortage. To solve this, the price is raised until the quantity supplied meets the quantity demanded. Note the apple orchards raise the price of apples only because the consumers demand…

A market economy is a financial framework in which people possess the majority of the assets - land, work, and capital - and control their utilization through willful choices made in the commercial center. It is a framework in which the administration assumes a little part. In this sort of economy, two powers - self-intrigue and rivalry - assume an essential part. The part of self premium and rivalry was portrayed by financial expert Adam Smith more than 200 years prior and still serves as…

1) Change in environment 1. More dwell time between deployments There is a direct correlation in the comparison in the amount of dwell time when compared to deployment time, as it pertains to the likelihood that a Soldier is will experience symptoms of PTSD. Moreover, research also shows that with each additional time that a Soldier gets deployed to a combat zone, that the likelihood they are to experiencing PTSD increases dramatically. MacGregor, Han, Dougherty & Galarneau (2012). Soldiers that…

Home Depot's results of a 3% decline in revenues and a decrease in earning by 21% for the first of 2007, compared to the last half of 2006, can be attributed to the costs that the company incurred. The accounting concept that is applicable to this situation is the prudence concept. This concept is a conservative approach. The prudence concept adopts the idea that revenue and profits are only reported when they have been realized or when they have a high probability of being realized (Edwards,…

MEMORANDUM SUBJECT: Raleigh Branch Trip On September 20th and the 21st I will be out of town looking at an office building for the new Raleigh branch. The following week after I will be in Raleigh again on the 28th to the 30th. I have scouted out the area using the realtor's website and Google maps. Below is a list of issues we should be mindful about when deciding on this new location. As you know this additional facility is very important to our business's current expansion into new…