Econ100

Stage 1 Economics Assignment         Topic 2- supplement and pauperism Experiment In this economics assignment I am trying to find the price that the canteen should gripe for a big money of chips (50g), to maximise their taxation. This involved a survey that was attached out to different people well-nigh Casuarina Senior College. The packet of chips at the canteen were creation sell at $1.20 distributively while at a supermarket they were being sold at $1 each. 5. The canteen should sell a packet of chips for $0.70. As it can be seen on the beseech curve that at $0.70 the demand would be high. in each case that the canteen would make the more or less(prenominal) revenue. 6. They would sell 116 packets of chips per week, because chips are cheaper thus encouraging students to buy more. 7. Their revenue would be $53592 in a year. 8. They acceptedly receive $22572, which is $31020 less than the proposed price. 9. The experiment, I intrustd worked, nevertheless I dont believe the results were accurate. The survey, which was fill out, werent filled accurately.

10. If this experiment were done for corporeal then first I would find out the current demand from the canteen to find out their revenue for the year. Also If the survey were filled out by the whole cultivate rather than 30 and then multiplying the 30 by other(a) numbers to get the existence of the school. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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