Price skimming

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…

reality, products would be outrageous prices where only a very few could afford halting the economy to a standstill. As said in Cocktail Party Economics “The real enemy of money is inflation, especially deadly hyperinflation strain, inflation can take a perfectly reasonable bank note or bill and make it virtually worthless.” (pg.62). Trying to measure inflation, staticians use the consumer price index. The CPI gather serval commonly used items and measure the prices between years to determine…

How Does OSHA Raise Penalties 82% and We Don’t Notice? The two year Budget Agreement that president Obama signed in November 2 under closed doors, surprisingly included provisions that authorized Occupational Safety & Health Administration raised the penalties by as much as 50% to a new historic high level of 82%. This was the first time the penalty was being raised since Bush senior’s tenure in office, 15 years ago. In spite of the increase, Statistics indicate that OSHA fines are still…

Inelastic PED (price elasticity of demand, this measures the responsiveness after a change in price), inelastic PED means that the demand (the quantity consumers are able and willing to pay for a product at any given time) is not very responsive to change in price, which means the percentage change in demand is less than the percentage change in price. (∆%Qd /∆%P is <1) Turing pharmaceuticals bought legal rights to a drug by the name Daraprim, they then increased its cost by 5000%, stating…

investment banking and eventually buying Carnegie’s steel company. The idea of a free market was to have little to no government influence. In this structure the price is to be set based on mutual agreement from buyers and sellers. With no government regulations, these huge businesses became monopolies, allowing them to set their own prices with no competition from competing companies. This led to an enormous concentration in wealth, where “in 1900 the richest 2 percent of American families…

indicators are Personal consumption, Government purchase, Private inventories, Paid in construction cost and Foreign Trade Balance. Other examples of a possible index are GPA (Grade Point Average) or the CPI (Consumer Price Index) The consumer price index is used to measure the prices of goods that consumers…

present to you the following information that will help you understand the low demand. Context Through market research and analysis, I found out that the demand for the product to be affected by some of the following factors. The first factor is price, alternatives, advertisement channels that will be used to market the product are equally crucial. It will also be important to have a team that will be in charge of selling the product and designing strategies…

For example, if you make $100,000 in Indianapolis, you would need to make $104,869 in Richmond to have the same living standards. That is, the cost of living in Richmond is higher than the cost of living in Indianapolis. http://www.homefair.com/homefair/calc/salcalc.html?type=to Now, back to our class objective: We are interested in the economy as a whole and how we can adjust dollar values for the economy as a whole for inflation (rather than from state to state…) For example, back…

Each tier of customers have different price sensitivity and the cut-off points should, therefore, be distinctive. It is unknown how the system arrives at a decision but it should analyze price elasticity of demand by each customer segment to optimize the cut-off point. This is further complicated when we consider the types of hotel rooms as it alters customers sensitivity to price and…

both oil production and prices, therefore this affect both the link between oil prices and scarcity, and an investors decision as to whether they should open a well in the North Seas. OPEC is refusing to cut production despite calls by members such as Venezuela to reduce output, this is largely due to Despite having over 80% of the worlds reserves OPEC only accounts for roughly 33% of the worlds supplies, this means that if OPEC were to cut production in order to raise prices, the reduction in…