The Secrets of Sleep Apnea

In a world brimming with hustle and bustle, quality sleep often takes a backseat, leading to a host of sleep disorders. One such prevalent condition is sleep apnea, which affects millions worldwide. In this comprehensive blog post, we’ll dive into the world of sleep apnea, exploring its causes, symptoms, and most importantly, effective strategies for…

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life handy tips - autistic

Make your Autistic Child More Involved

Autism is a unique neurodevelopmental condition that affects individuals in diverse ways, making each person’s experience truly unique. While every autistic individual has their own strengths and challenges, one common goal is to ensure their meaningful involvement and participation in various aspects of life. In this blog post, we’ll explore strategies and approaches that can…

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Life handy tips -AI IN EDUCATION

Why Students Should Use AI

In the rapidly evolving landscape of the 21st century, technology continues to reshape every aspect of our lives, and education is no exception. Artificial Intelligence (AI) is revolutionizing the way we learn, interact, and absorb information. In this post, we will explore the myriad reasons why students should embrace AI in education and how it…

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b. The Owners share data they have gathered regarding their attempts to change prices and prices changes of potentially related products. The Owners are looking to change the prices of their in-app purchases to see if they can make more money. Using your knowledge of Elasticity, identify/solve relative elasticities, interpret the answer and provide any applicable advice to the company. (Please give numerical answers to 2 decimal places) i. When the Owners changed the price for getting more lives/attempts to complete the puzzle from £0.99 for 5 additional lives/attempts in Quarter 1 to £1.99 for 5 additional lives/attempts in Quarter 2, sales changed from 10500 in Quarter 1to 10000 in Quarter 2. Calculate the price elasticity of demand between Quarter 1 and Quarter 2. What suggestions would you make to the Owners regarding changing their prices given your answer? ii. When the Owners changed the fee for their boosters (in app/game items that help to solve the puzzles) £5.99 for a package of boosters Quarter 1 to £6.99 for the same package of boosters Quarter 2, sales changed from 12000 in Quarter 1 to 9000 in Quarter 2. Calculate the price elasticity of demand between Quarter 1 and Quarter 2. What suggestions would you make to the Owners regarding changing their prices given your answer? iii. The Owners allow consumers to agree a monthly rate for a special package of boosters. Consumers can choose to come off the monthly rate at any time for the special package of boosters. The average income of consumers that agree the special package of boosters decreased from £2500.00 per month to £2200.00 per month. The sales of the monthly special package decrease from 9000 to 6500 during this time period. Calculate the income elasticity of demand and identify whether the protection software is a necessity or a luxury good.

The Owners share data they have gathered regarding their attempts to change prices and prices changes of potentially related products.

  The Owners share data they have gathered regarding their attempts to change prices and prices changes of potentially related products. The Owners are looking to change the prices of their in-app purchases to see if they can make more money. Using your knowledge of Elasticity, identify/solve relative elasticities, interpret the answer and provide any…

Read More
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