If the inverse demand function for a monopoly's product is p = 100 2q, then the firm's marginal revenue function is 200 - 2q. Price becomes a function of quantity demanded in the case of an inverse demand curve. The inverse of a demand curve, this indicates that variations in the amount required cause changes in price levels.
The formula for calculating the demand curve for a product yields the graph of an inverse demand curve. The quantity demanded is a function of price on the demand curve. This aligns the horizontal axis with pricing, with quantity demanded on the vertical axis.
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<span>Which group discussion technique involves a large number of respondents who may be participating in the discussion remotely? Focus groups can be held remotely, they can answer questions on a live stream or chat to make sure all candidates are participating but also able to be in their area of choice. Group discussions are a popular type of research because they allow candidates to hear or see each others responses to the same questions. Being able to hear why someone thinks about the same situation you do, but differently, opens up growth and understanding for how things can be used. </span>
Answer:
The advantage of recording daily guest counts is that the information is more accurate, and it can help help Raktida to better forecast the number of guests during the current year. It's all about the quality of the information and not just the total data available. Total numbers would have been the same, but the use that could be given to them would be limited. The same applies if instead of weekly guests, the information was for monthly guests. Weekly numbers would be more useful than monthly numbers.
Having daily numbers allows Raktida to forecast a much more accurate serving schedule.
