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SUPPLY AND DEMAND

  • March 30, 2021
  • Manyara2021
  • 345

Write paper about any a pathophysicology topic.
Case Scenario
Definition
Symptoms
Risk Factors
Pathophysiology
Treatment
Prevention
Conclusion” 228 https://www.homeworkmarket.com/homework-answers?page=228
SUPPLY AND DEMAND
Assignment Overview
Before beginning this assignment, make sure you have gone carefully through all of the required readings for this module.  It is very important to carefully absorb the general concepts as well as the numerical examples in the background readings.  For this assignment, you will have to answer some purely conceptual questions, as well as some numerical problems.  For conceptual questions, make sure to thoroughly explain your answers and to cite specific readings from the required background materials to explain your answers.  For numerical problems, make sure to show all of your work and explain how you arrived at your answers (partial credit can be given if you get the final answer wrong but do some of the steps correctly).
Case Assignment
Part A: Conceptual questions
Suppose you own a pet shop.  Your sales are decent but a marketing consultant tells you that you could increase your sales and be able to charge a higher price if you spend some money on local television ads.  If the consultant is right, will advertising lead to an increase in quantity demanded?  Or a shift in the demand curve?  Both?  Neither?  Explain your answer and make sure to cite at least one of the required readings in your answer.
You are the owner of a furniture factory.  You normally produce 100 pieces of furniture a day because that is how much you can produce given the amount of qualified workers in your town and the amount of reasonably priced wood that you can purchase locally.  Then one day you get an order from a large national retail chain who wants to purchase 200 pieces of furniture a day from you.  You are hesitant, as you will have to pay higher wages to get some qualified workers to move to your town.  You also will need to pay higher prices for wood because you will no longer be able to rely solely on local suppliers and will have to spend more on shipping wood from other towns.  But you drive a hard bargain and the retail chain agrees to pay one and a half times your normal price.  Does this situation describe a change in quantity supplied?  A shift in the supply curve?  Both?  Neither? Explain your answer and make sure to cite at least one of the required readings in your answer.
Suppose marijuana has just been legalized in your state.  Nobody in your home town wants to start a marijuana business, as this would be too much of a stigma.  But being an MBA student, you know a good business opportunity when you see one and decide to take a stab.  Shortly after starting up your business, you gain a loyal following of customers and start raking in some steep profits.  However, the local government decides that they want a cut of your profits and starts charging a 20% sales tax on marijuana.  Do you think this would lead to a 20% or greater loss in sales?  Do you think marijuana in this situation would be facing inelastic or elastic demand?  Explain your reasoning, and make sure to cite at least one of the required readings regarding elasticity.
Part B Quantitative Problem
Suppose the demand function for a new smartphone can be expressed as QD =  1000 – 1.5P with QD being quantity demanded and P being price.  The supply function can be expressed as QS = 50 + 2P
 
What is the equilibrium price?  You can compute this either using Microsoft Excel, or by using algebra from the equations above and solving for a price where quantity supplied equals quantity demanded. Show your work by either showing the algebra steps or by showing how you used Excel to calculate.
Suppose the supply function changes to 100 + 2P.  What is the new equilibrium? Show your work by either showing the algebra steps or by showing how you used Excel to calculate.
 
Question 1
Christianity and Hinduism both accept that disease comes because of one’s demonstrations. As indicated by Christianity, infection and wellbeing emphatically connect with sins. Christians agree that sickness is brought about by sins (Kluwer, 2017). The more one sins, the more the individual will probably build up an ailment or fall apart in the wellbeing condition. If the individual apologizes through supplications, the disorder can end, prompting an improvement in the wellbeing state of the individual. As per Hinduism, every sort of ailment, regardless of whether mental or physical, is firmly connected with otherworldly, spiritual, or organic components. Hindu individuals accept that for one to become ill, there must be something incorrectly in the individual’s past existence. For one to enhance their wellbeing condition, medicine can apply by Hinduism.
Question 2
Social insurance suppliers need to have a solid comprehension of otherworldliness to give quality human services administrations to patients. Social insurance suppliers should be socially able with the goal that they can comprehend the profound convictions of each patient. Social insurance is because a few societies accept that specific ceremonies should perform for a patient to recuperate. In this manner, in such a case, a patient can’t mend if the customs not perform, paying little heed to the clinical intercessions included (Swinton & Vanderpot, 2017). A social insurance supplier can plan for customs before giving treatment administrations to the patient by seeing such convictions. Moreover, patients need to comprehend the profound beliefs related to affliction and ailments to advise human services suppliers before treatment administrations give to that person. By seeing such profound convictions by a patient, the mending procedure will, in general, be more straightforward and take a shorter period.
Question 3
Different societies hold multiple convictions concerning the treatment of an ailment. Nursing care staff should know about such beliefs for each patient the person goes to since they assume an extraordinary job in recuperating a person. One of the medical problems that can better tend to by a nursing human services staff who comprehends a strict decent variety incorporates body organs’ gifts. For instance, a few religions, such as Christianity, don’t bolster the offering of body organs (Mendes, 2018). In such a case, the nursing care staff can disclose to the patient about the advantages of an organ relocate and leave the patient to pick whether to permit organ gift or not. Be that as it may, Hindu individuals energize organ gift and transplantation for a person whose wellbeing condition can improve through the procedure. Be that as it may, whether to get a gave organ remains the decision of the patient. Nursing staff can urge a patient to acknowledge organ gift to improve their wellbeing condition along these lines.
Question 4
Practically all religions have convictions related to the wellbeing state of a person. Some strict beliefs upgrade the decay of the wellbeing state of an individual while others advance wellbeing. For instance, since Christians don’t bolster organ gift and transplantation, it is almost inevitable for a person’s wellbeing to break down, consequently causing passing (Mendes, 2018). This religious infers some Christianity convictions adversely influence the wellbeing state of a person. In any case, since Hindu individuals support transplantation and the gift of body organs, in an individual’s wellbeing improves. A ramification that Hindu individuals guarantee that all the practices where they participate in advance wellbeing.
Professional Competence, particularly in careful claims to fame, is comprehended to be those identified with the method. The regularly see as inverse and elite to the more human highlights of the wellbeing callings. This idea produces the exclusion of the investigation of otherworldly and strict perspectives by most religious groups. The evaluation of spectral and stringent needs by the wellbeing group ought not to force on all patients. Yet, ought to be investigated and extended by each of those patients who demand it. In a perfect world by the individuals who will experience profoundly complex medical procedures, with foreboding anticipation, with conceivable twisting sequelae, delayed hospitalizations, and indications of an otherworldly emergency.

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345 comments on “SUPPLY AND DEMAND”

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