A juice shop in Santa Barbara serves two types of consumers: tourists and locals. Tourists’ inverse demand per day is P(q) = (50−q)/5 . Locals’ inverse demand per day is P(q) = (500−q)/ 50 . In order to sell a total of 55 juice bottles per day, what price should the shop charge per bottle? (a) $12 (b) $10 (c) $9 (d) $8 3.

(continued from previous question) Assume that the number of tourists coming to Santa Barbara double. (This means that demand from tourists at every price level doubles.) But, at the same time, due to an economic recession, the local demand becomes more price sensitive. P(q) = (500−q)/ 100 .

Which statement is correct?

(a) To maximize revenue, it is optimal to price high enough to only target tourists.

(b) At the revenue maximizing price, there is higher revenue generated from the local population relative to tourists.

(c) The revenue maximizing price is $4 per bottle.

(d) If the tourists stop coming (demand decreases to 0), to maximize revenue the shop owner would increase the price.

A is correct but why?

On May 19, 2012, a group of individuals, including Greg Hargus, rented a vessel (boat) from Ferocious and Impetuous, LLC d/b/a One Love Charters ("One Love"). Kyle Coleman captained the boat for One Love. While in Cruz Bay, Coleman saw two passengers throwing beer cans at Hargus. Coleman joined them and threw an empty plastic insulated coffee cup at Hargus, which hit Hargus on the head and allegedly caused him headaches and vision problems. Hargus brought suit against One Love, arguing that it was vicariously liable for Coleman's actions. Assuming Coleman was an agent of One Love, what is likely to be One Love's best defense to Hargus' vicarious liability theory? Explain.

What does it mean when the author said, "define the meaning of the social sciences for the cultural tasks of our time" in the book Sociological Imagination?

Chapter 5:Marriage and family class

Why does the author state that understanding occupational sex segregation is important for understanding gender inequality?

What was the most significant contribution made by Rachel Carson (Author of Silent Spring) who lived from 1904 to 1964 on environmental law?

Based on story " The Bear Came Over The Mountain"What point of view does the author employ in this story? How does it serve the story?

Suppose we are studying the effect of diet on height of children, and we have two diets to compare: diet A (a well-balanced diet with lots of broccoli) and diet B (a diet rich in potato chips and candy bars). We wish to find the diet that helps children grow faster. We have decided to use 20 children in the experiment, and we are contemplating the following methods for matching children with diets: i. Let them choose. ii. Take the first 10 for A, the second 10 for B. iii. Alternate A, B, A, B. iv. Toss a coin for each child in the study: heads→A, tails→B. v. Get 20 children; choose 10 at random for A, the rest for B. Describe the benefits and risks of using these five methods