Price ceiling

One of the major critical issues which world has been concerning for many years is the significant challenges of excessive consumption of tobacco and alcohol to public health and governments set targets to combat with this issue. Sin tax and some regulations on nicotine and alcohol have been implementing in order to have a reduction in drinking and smoking rates because of their negative impacts on people’s lives. While some people are in favour of extra levy and restrictions on cigarette and…

The controversial and thought provoking installation artist and activist, Angela Singer uses her process of redefining the purpose of taxidermy to interpret the preconceived perceptions of animal violence, gender roles in society and art as well as the viewers experience. Since the early 1990’s taxidermy has taken the reins in popular culture, especially in contemporary art. Artists are now using taxidermy in their work as a unique and yet growing medium to be displayed in exhibits. “Singer’s…

Animal Farm The book "Animal Farm" is written by George Orwell which provides a though provoking symbolization of the usage of propaganda. The book starts by introducing a character called Old Major who is a pig and is respected by all the animals. He instigates the farm animals by telling them that the root of their problems is human beings. Every farm animal agrees to the Old Major’s proposition since they all view him as a respectable yet wise man. This creates a drift between the humans and…

strategy to price their products very high. Unfortunately, this strategy failed in the case of Apple. Apple has been reducing the prices of their iPhones over the years. This could be a strategy to sell their products to new consumers while consequently expanding its market share through more and more people affording to purchase IPhones. Froeb, Luke, & Ganglmair (2009) have referred to this pricing strategy by Apple as Inter-temporal price discrimination. This refers to setting a high price…

Theodore Roosevelt was the 26th president of the United States of America. Roosevelt spent part of his presidency figuring out what companies were breaking the Sherman Act and putting them out of business. These companies were making it hard other the consumers and other companies that might have been trying to get their hand in the game. These bad trusts were not just stopping people from getting into the market but they were also making sure that the other companies that were already in the…

options price model. In order to honor their contributions in finance, they were awarded the 1997 Nobel Price in Economics. People have been trading stock options for a long period of time, and the Black-Scholes model has finally set up an analytical framework for how to value an option. It is no exaggeration to say that the Black-Scholes model brings convenience and efficiency to the European stock market. The Black-Scholes model is used to calculate the theoretical estimate…

In our daily lives, we use different products for a variety of things. In drugstores and in our local malls, there are categories of diverse items that are available to us. These items can range from makeup, skincare, hair products, prescription medicine and much more. They contribute in making our lives easier and more productive. These products are often designed to enhance our appearance and health. When we watch television, or browse the internet, we constantly see new products being…

Pros and Cons of Fracking Grandriver Getty images.com By Daniela Bobadilla, Christopher Gleason, Irvin Casillas Fracking is just another way of saying hydraulic fracturing, which is the process of cracking through sentiments (hence fracturing) to make harvesting resources such as oil more accessible. The fracking process uses pressurized water with a combination of other materials to penetrate into said sentiment. In the late 1940s, engineers used fracking to increase oil production.…

How to Transport Professional Mascot Costumes Safely Professional mascot costumes can be a huge investment for many businesses. Well-designed, marketable mascots need to endure highly active use for a minimum of four to five years, and often cost $7,000 to $15,000, and upwards. An important consideration for mascot designers is whether or not the mascot costume will be used in one place, or will be consistently traveling from location to another. For traveling purposes, packing needs to be…

Consumer Defy Common Sense 1. C=$700+$85x, C= $700+($85)10 You will set this equation up as C=the cost, which is what you are trying to find. Then you will have the 700 plus whatever 85 times 10 equals. I took 85 times 10 because in the readings it says 10 years. That equals $850 and when you add the $700, you get $1550. You could also set this up as C=(85)10+700 and you would get the same value for C. 2. Y=$1000+$25, Y=$1000+($25)10 You will set this equation up as C= the…