From the given information, The demand function is (P) = -x/8 + 600. The demand function illustrates the causal connection between the quantity of a commodity that is demanded and its numerous determinants.
The demand function is given by P - P1 = m(x-x1)
Since, m = -10/80 (i.e. additional 80 tablets every $10)
P1 = $250, x1 = 2800
So, P - 250 = -1/8 (x - 2800)
P = -1/8 + 350 +350
P = -x/8 + 600
Hence, the demand function (P) = -x/8 + 600
- One variable's connection with its determinants is described by the demand function. It explains how much of a certain amount of products is bought at various prices for that good and its related goods, various income levels, and various values for other demand-affecting variables.
There are two categories of demand function:
- The linear demand function
- Nonlinear Demand Function
Without needing to create a demand function graph, an algebraic formula for constructing demand curves is known as a linear demand function.
Demand function with nonlinearity. The slope of the demand curve (P/Q), in a nonlinear or curved demand function, varies along the demand curve.
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Answer: B - Staging
Explanation: Staging is the process of addition more features (refurbishing, redesigning) an item for sale to attract customers to the item or product.
This is what P&G has done to one of there product to get the attentions of its consumers.
<span>1- The company’s cost of equity is 12.34%. The answer is letter c.
2- The bank’s cost of preferred stock is 6.10%. The answer is letter a.
3- The pretax cost of debt is 7.60%. The answer is letter c.
4- The Mullineaux Corporation WACC is 10.02%. The answer is letter b.
5- The company's WACC is 10.53%. The answer is letter c.
6- The company’s WACC is 8.20%. The answer is letter a.
</span>
Answer:
b. the supply of ivory has fallen, leading to an increase in price and reward for poaching.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
Poaching can be defined as an illegal or illegitimate procurement (purchase) of protected wildlife living organisms such as elephants, fish, trees, gaming, etc.
In an attempt to reduce poaching of elephant tusks for ivory, officials in Kenya burned illegally gathered ivory. Economists tend to point out that the supply of ivory has fallen, leading to an increase in price and reward for poaching in accordance with the law of supply.
This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.
Goal displacement, satisficing, and groupthink are the<u> advantages of </u><u>group decision-making.</u>
Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.
During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.
Some of the advantages of the <em>group decision-making</em> include goal <em>displacement, satisficing</em>, and groupthink.
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