1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Evgesh-ka [11]
3 years ago
6

In many amusement parks, you pay an admission fee to the park but you do not need to pay for individual rides. How do people cho

ose which rides to go on? How does this situation relate to supply and demand? Explain.
Advanced Placement (AP)
1 answer:
DerKrebs [107]3 years ago
8 0

Answer: See explanation

Explanation:

Marginal analysis are applied by the consumers when they make decisions and this simply means that when making a decision, they look at the marginal benefit and the marginal cost and then make a comparison.

In this scenario, rides will be allocated based on time costs that have been incurred as the individuals who have time and can wait longer or like a particular ride or those will wait till they have their preferred ride. On the other hand, the individuals who doesn't have much time will be willing to take another ride even if it's not what they really like.

This relates to demand and supply because increase in demand for a particular product will lead to lesser supply and will lead to few people getting what they want as there'll be scarcity or increase in the price for that product. In such cases, consumers may go to the substitute of that particular product.

You might be interested in
1. Which best describes what you will do in the Reaching Your Academic Potential course?
marin [14]

the answer is: A. You will complete online lessons, quizzes, and assignments such as journals, projects, and discussions.

Online lessons, journals, and projects is being done to deepen your understanding of the topics that being taught in your class. It might provide you with new information that are not taught by your teachers.

Quizzes and discussions are being done to challenge yourself in order to measure how much you understand the Topic.

4 0
3 years ago
Read 2 more answers
The following table shows the number of hours some high school students in two towns spend riding the bus each week:
sergeinik [125]

Answer: Part A. The IQR for town A is 4.5 and the IQR for town B is 4.5

Part B. No, they are assymetric.

Explanation: To find the interquatile range (IQR) of each set of data, you can do as follows:

1) Put the number in each set of data in order:

A: 3 4 5 5 6 7 8 9 9 20

B: 3 3 5 5 6 8 8 9 9

2) Find the median of each town data:

For A, the median is the number 6. Coincidently, the same can be said for town B: its median is 6.

3) Find Q1, which is the median (or the middle term) of the left side of the median:

A: 3 4 5 5 (set of numbers to calculate)

B: 3 3 5 5

Now, as both set of number are even, to find the median, we have to calculate the mean of the two central numbers:

For A: Q1 = \frac{4+5}{2} = 4.5

For B: Q1 = \frac{3+5}{2} = 4

4) Find Q3, which is the median of the right side of the first median:

A: 7 9 9 20 (set of numbers to calculate)

B: 8 8 9 9

As before, the median will be the mean:

For A: Q3 = \frac{9+9}{2} = 9

For B: Q3 = \frac{8+9}{2} = 8.5

5) The IQR is the result of a subtraction:

IQR = Q3 - Q1

For A: IQR = 4.5

For B: IQR = 4.5

For the two sets of data the IQR is the same and equals 4.5.

Part B: Box plot is a type of graphic, similar to histogram. To plot it, you need 5 points but for this question, it will be analised just the symmetric aspect. As the graphic is a retangule, to be symmetric, the median or mean has to be in the center of the retangule. In the case of the towns, the box plots are assymetric because the median of each town is closer to the Q1 of each town. In other words, the retangule is not "divided" exactly in half.

4 0
3 years ago
Schizophrenia occurs in about _____ percent of the population and is slightly more prevalent in _____
makkiz [27]
<span>Schizophrenia occurs in about 1.1 percent of the population and is slightly more prevalent in men. This disease tends to manifest in a patient's mid to late twenties, so estimates are only for those over the age of 18.</span>
6 0
3 years ago
Read 2 more answers
Plz draw it and send I posted a example of one I’ll pay u after dw ❤️❤️
masya89 [10]

Answer: ok give me a moment :)

4 0
3 years ago
Read 2 more answers
Superior performance on intelligence tests is most likely to be indicative of
bagirrra123 [75]
Sllalaallaalalalwlalalalla
5 0
2 years ago
Other questions:
  • What is the role of a fungus fruiting body
    12·1 answer
  • Why do boys hate me so much??? I just want to know.
    15·2 answers
  • Find slope between (-4,0) (-2,2)
    13·1 answer
  • Need Help<br>*Please Show Work*​
    5·1 answer
  • In the story Place and time where was the girl when was smaanthas birtday
    7·1 answer
  • A.
    9·1 answer
  • True or False: Concurrent enrollment course grades will appear on high school transcripts but not college transcripts.
    7·2 answers
  • Soooo.... I just took an iq test .....
    9·2 answers
  • Please help!!! ASAP human geography! 4 questions! Written thoroughly 100 points!!!
    10·2 answers
  • Please Help Me!!! ( I will mark brainliest if you are the first to answer)
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!