Supply and Demand Simulation Essay Example for Free

Supply and Demand Simulation Essay Supply and demand is the common sense principle which defines the generally observed relationship between demand, supply and prices: as demand increases the price goes up which attracts new suppliers who increase the supply bringing the price back to normal (Law of Supply and Demand, 2010). A surplus in the market exerts a downward pressure on price while a shortage in the market exerts an upward pressure on price. In the supply and demand simulation Goodlife has control of the apartment rental community is Atlantis. In the first year Goodlife wants to bring down the vacancy rate to about 15 percent while maximizing revenue. Goodlife must lower the cost of rent in order to lower the vacancy rate but they have to make sure they don’t lower it too much or they will decrease their revenue so they must find at what rental rate they will lower vacancy but no lose revenue. As the years go by several things affect the supply and demand of the Goodlife Company, population increase, individuals wanting long-term housing and a price ceiling. Shifts in supply and demand affect decision making by causing the company to look at how to get the greatest revenue with the changes. The supply and demand simulation went over several key points that were also part of our textbook reading such as total revenue and demand, individual and market demand, cross price elasticity and shifting supply and demand. Total revenue and demand is the ability for a company to tell whether the total revenue will go up or down when they raise or lower their prices (Colander, 2008). Individual and market demand refers to how individuals may stop buying a product due to a slight rise in cost, the market demand is influenced both by how many people drop out totally and by how much an existing consumer marginally changes his or her quantity demanded (Colander, 2008). Cross price elasticity of demand is when the price of a product goes up and it positively impacts the demand of another product. Shifting supply and demand is the ability of the company to shift supply to meet demand and maintain equilibrium. At Regence BlueCross BlueShield supply and demand affects the cost of premiums as well as the type of benefits available on plans. It is important in healthcare to figure out which benefits are sought after and what it will cost to cover those benefits, by slimming down on the benefits that are used less then they can provide benefits that individuals want at a lower cost than if they supply all benefits. One example of this is putting limitations of such benefits as chiropractic or physical therapy while increasing the benefits for preventive care. Price elasticity of demand affects the decision making of the consumer and of the organization by changing the amount of a product available as well as the price of the product. Consumers will switch products if they are unable to find the product easily or if the price is higher than a similar product. Organizations must continue to shift the supply and price of a product in order to stay competitive and still make revenue. In the simulation I learned how to maintain equilibrium with supply, demand and price while maintaining company revenue at the highest rate. Goodlife must keep changing the availability and price of the apartments in order to keep up with supply and demand and maintain revenue, one way they did this is by turning some of their apartments into condos this decreased the number of apartments available but brought in revenue in a different manner.

The Tragedy of Jean Rhys Wide Sargasso Sea Essay -- Wide Sargasso Sea

The Tragedy of Wide Sargasso Sea  Ã‚   In Jean Rhys' novel Wide Sargasso Sea, whether Antoinette Cosway really goes mad in the end is debatable. Nevertheless, it is clear that her life is tragic. The tragedy comes from her numerous pursuits for love and a sense of belonging, and her failure at each and every one of these attempts. As a child Antoinette, is deprived of parental love. Her father is a drunkard and has many mistresses and illegitimate children. According to Daniel Cosway's account, old Cosway is cruel to his own son. Yet even if Daniel was not really a Cosway, and his descriptions were made out of spite, or if old Cosway had cared any more for his legitimate children than his bastard ones, his alcoholism is real, and thus he could not have been a loving father to Antoinette. Her mother, Annette, does not show much motherly affection to her either. Antoinette needs and wants her mother's love, but Annette is indifferent to her. Once, Antoinette sees her mother frown, and tries to smooth the frown out with her hand, But she pushed me away, not roughly but calmly, coldly, without a word, as if she had decided once and for all that I was useless to her. She wanted to sit with Pierre or walk where she pleased without being pestered, she wanted peace and quiet.†¦. 'Oh, let me alone,' she would say, 'let me alone' (13; part 1). One night, when Antoinette has had a nightmare, she awakens to see her mother at her bed. This makes her feel safe, but even then her mother has not come to show concern for her, but to look after Pierre, whom is frightened by her noise. When her needs for love and belonging are neglected by her parents, Antoinette seeks to fulfill them elsewhere. She seeks love from a newly foun... ...r her, if there has ever been any, is completely gone, andall that is left is destructive hatred: If I was bound for hell let it be hell. No more false heavens. No more damned music. You hate me and I hate you. We'll see who hates best. But first, first I will destroy your hatred. Now my hate is colder, stronger, and you'll have no hate to warm yourself. You will have nothing (110; part 2). He thus murders her last hope for love and safety, and brings her to England to be locked away in his attic. This is her second dislocation, this time not only removed from her own familiar world, but completely isolated from the entire world. Here her tragedy is complete, for her heart and soul are killed, and she is but a ghost, with "nothing left but hopelessness" (110; part 2). Work Cited Rhys, Jean. Wide Sargasso Sea. Ed. Angela Smith. London: Penguin, 1997.

Allegories in Dr. Jekyll and Mr. Hyde

Allegories in The Strange Case of Dr. Jekyll and Mr. Hyde The novel The Strange Case of Dr. Jekyll and Mr. Hyde has many allegories within. An allegory is a symbol with a deeper meaning. In The Strange Case of Dr. Jekyll and Mr. Hyde, there are many allegories. First, there is the religious allegory of the devil and the lower self as well as the â€Å"hiding† aspect of Hyde. Hyde is also an allegory of human character in general. The city of London, and all of its descriptions written by Robert Lewis Stevenson, is filled with allegories. First, Hyde is a complex allegory because it is arguable what exactly Hyde is supposed to represent. Hyde could be an allegory of the devil himself. Hyde could be a demon inside of Jekyll, sort of like in the Exorcist, that needs to come out but eventually become uncontrollable. Although Dr. Jekyll is described as a nice man who has many friends, but he losses them all when he drinks the potion to become Hyde. Hyde could just be an allegory for a literal part of Dr. Jekyll, which is Stevenson’s statement of saying that every person holds a â€Å"lower self,† that just wait for an opportunity to reveal evil. Also one of the most famous quotes from The Strange Case of Dr. Jekyll and Mr. Hyde, is â€Å"If he shall be Mr. Hide than I shall be Mr. Seek. † This could also mean that Hyde is just a part of Jekyll’s soul that literally hides within. Lastly, Hyde could be an allegory of human character itself. Hyde could be an allegory of the capability that everyone has within. However some people never reveal this capability, but for others, like drug users, it is easier for the evilness to come out. London is also an allegory. Mr. Hyde lives in SoHo, which is described as dark, dingy, and filled with the filth of London, which is why it makes sense that Hyde lives there of all places. SoHo is supposed to represent the capability of evil, and where it is grown. In Victorian England, the poorest of the poor lived in awful slums, some had no choice but to live a life of crime and evil, just to escape their reality. On the other hand, Dr. Jekyll lives in a distinguished and posh neighborhood. This is an allegory for Jekyll’s character, as he is a nice man. However, in Victorian England, many bad things went on behind these closed doors, which is true for Dr. Jekyll. The door in the first chapter is an allegory, as well as all the passageways described, like the one to the laboratory. These passageways and doors are places in-between worlds where most of the events in the novel takes place. The in-between of the worlds is like Dr. Jekyll. He is not a good man, nor is he evil. Jekyll is complex, and struggles with the evil part of his personality. Allegories are abundant in the novel, The Strange Case of Dr. Jekyll and Mr. Hyde.

Historic Place of the Slaughters - 676 Words

In the 1560s the ownership of the Florida Peninsula was hotly contested. The French had preemptively built a small fort, Fort Caroline, near what would become Jacksonville, Florida. In 1565 the Spanish marched from St. Augustine and took this small fort, slaughtering some 200 people. Then, they chased down the remaining French Huguenots near a small inlet. Believing that his men would be well treated, the leader surrendered to the Spanish. The Spanish slaughtered them to the last man in an act that horrified the people of the age. Thus this beautiful location became known as Matanzas or Place of the Slaughters. Fort Matanzas was finished by the Spanish in 1742. It was meant to guard Matanzas Inlet, the southern end of Matanzas River. The Spanish were worried the river would serve as a back door to the city of St. Augustine. They built it of coquina shellstone, naturally abundant in the area. The fort is a smaller square style with walls 50 foot long on each side and a 30 foot tall high tower. On the right hand wall of the fort a small tower overhangs the wall. This was where the sentries were posted. The fort was armed with five cannon aimed at the inlet and manned by one officer, four infantrymen and two gunners. The fort was only involved in one skirmish in which it successfully drove off a British fleet. By 1821, the fort was unlivable. Restorations began in 1916. By 1924 the fort was stabilized and it was given National Monument status. The National Park ServiceShow MoreRelatedThe Issue Of Horse Slaughter1656 Words   |  7 Pagesthan a tool. This is quite possibly why the topic of horse slaughter has been such a taboo in today’s culture. While in many countries around the world horsemeat is considered a type of delicacy, to most American’s the idea of eating these exquisite creatures is hard to stomach. 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The Development Of Thoughts And Actions - 1270 Words

The Development of Thoughts and Actions It can be stated without hesitation that one of the most controversial types of government is totalitarianism. Fueled by a single dictator, this form of political authority exercises absolute and centralized control over all aspects of life. This oppressive brand of government subjects an individual to no expression of any cultural, political or religious beliefs. Since the individuality of citizens is seized and all expression is suppressed by the government, a majority of society does not agree with alot of the systems policies. To simplify, the nature of a totalitarian state is complete control and it is heavily disputed by many. In George Orwell’s novel Nineteen Eighty-Four and Ray Bradbury’s†¦show more content†¦Finally, the characters begin to bring their thoughts and ideas to fruition when they decide to act on their own accord, in addition to disregarding any government influence and control. This stage enlightens the characters acts towards rebellion against their manipulative government. Throughout both novels the protagonists experience major character development, and it shows how people s thoughts and actions can change and develop when under a powerful, negative influence. In both novels, Fahrenheit 451 and Nineteen Eighty-Four, Winston Smith and Guy Montag begin the novels under major government influence, which is mostly due to their affiliation with the government. In Nineteen Eighty-Four, Winston Smith works as a records editor for the government, to expand on his line of work, â€Å"Winston Smith is a writer for the ironically named Ministry of Truth, whose chief job is to assist in the constant rewriting of history so that it conforms with the predictions and pronouncements of Big Brother, the possibly mythical ruler of Oceania, whose minions in the Inner Party are nevertheless omnipotent and omniscient† (Laskowski). Winston is constantly under the government spotlight, as he controls the propaganda that is published. In a totalitarian society only certain information is revealed to the public, in turn, Winston’s job is extremely valued by the government. Also, in Fahrenheit 451 Guy Montag works as a fireman. His

The Physics Of Mechanical And Kinetic Energies - 1247 Words

The mechanical, gravitational potential and kinetic energies (measured and average) showed trends with the masses of the balls. The big ball (larger mass) possessed more mechanical, gravitational potential and kinetic energy than the small ball (see summary table above) whereas the ball with the smaller mass possessed less energy correspondingly (3.9976 0.4588, 1.2242 0.0428, 6.1853 1.2242). This trend was consistent throughout all of the recorded results. This can be justified by the equations of mechanical, gravitational potential and kinetic energy which all include mass meaning a larger mass constitutes to more energy (see Background Information). The calculated theoretical and measured values showed differences with the†¦show more content†¦This is the mechanical energy. When the balls lose height, it loses potential energy but gains speed (thus gaining kinetic energy). At halfway down (0.5m), half of the potential energy has been converted to kinetic energy but the mechanical energy remains constant (see Equation 3: Mechanical Energy in Background Information and graph above). This is because of the Law of Conservation of Energy; energy cannot be created or destroyed, only converted and transferred. Eventually, there is a complete depletion of gravitational potential energy and only kinetic energy at 0m as all the gravitational potential energy has been converted during free-fall. Once in contact with the floor, the kinetic energy converted to elastic potential (deformation), sound and heat energy, then back to kinetic energy when bouncing and gaining gravitational potential energy as the height increased. The ball never goes back up to the height it was dropped; it only bounces to a new peak which is lower than the original peak height. This is because the Law of Conservation of Energy does not ‘give’ the ball more kinetic energy to bounce back up after the energy has been converted and lost to sound energy and heat energy whilst hitting the ground (hence the ‘boing’ sound it makes, which proves the Law of Conservation of Energy). This alone proves the Law of Conservation of Energy, as the ball never bounces back to the same peak. The ball should have a higher temperature than it originally

Contemporary Intelligence Monopoly Betting Market

Question: Discuss about theContemporary Intelligencefor Monopoly Betting Market. Answer: Introduction Table tennis is a fun and enjoyable game; now it is not only just a game but has also emerged as one of the leading and recognized sport. It is needless to state here that tennis tournaments are being played almost in every part of the world, and as a recreational activity, the sport has succeeded in achieving an unprecedented growth in popularity among the masses. However, like any other sport, corruption has been rampant in the match. Various forms of corruption that exist in this game, some of the major crime that is most prolific in this game are the issues of match fixing. The issue of gambling problem is not a new thing in the world of sports, and yet in case of tennis, the match-fixing issue has emerged to be a global problem (Rodenberg Feustel, 2014). Discussion: Match fixing is the commonest form of corruption in the table tennis game. This game has been thought to be an attractive target for the match-fixers because there are only two players who are involved and a few vital points often decides the given matches. It is thus much easier to influence the result of the game. First of all, while discussing about the important points about match-fixing in tennis tournaments, the most remarkable point is to note the evidence collected from the sportspersons engaged in the sport itself. The very fact that even the remarkable sportspersons, such as Novak Djokovik has himself affirmed the existence of the match-fixing menace goes to prove that the sport is indeed infested with such crucial problems (Vileneuve, 2015). It is important to know that Djokovik has recently claimed that he himself was being promised a lump sum amount of $2,00,000 for fixing the match, and what is really astounding here is that a Grand Slam winner, and a high profile sport sman like Djokovik was also not spared the trouble (Bag Saha, 2016). Similarly, the tennis player Arvvind Parmar, the former Davis Cup player himself has also affirmed the point made by Novak, claiming that a large number of tennis players in the past, had become vulnerable to the lucrative match-fixing offers, and added that he himself was also offered with a cash-stuffed envelope, by a man with strong connections in the realm of sports. Again, Roger Federar, another eminent name in the world of sports, has also spoken about the potential problem of match fixing in tennis. According to Roger, despite the thorough investigation going on, to prevent the issue, there are influential group of people, who will put in money recklessly to influence the players, and this process is absolutely unstoppable (Ricci et al., 2016). Next, it is needless to state here that a large number of match fixing scandals in the tennis world bear clear testimony to the fact that match fixing is an emergent issue in the tennis world. According to the Buzzfeed and BBC, there are at least 16 players, who have reached the position of top 50, whose names are counted in the suspicion list of match-fixing menace in tennis (Carpenter, 2013). Recently, the two Italian players, Starace and Bracialli have been punished with a lifetime ban after both were being proved to be involved in match-fixing scandal. Further BBC reports although do not announce any name, claim that a few Grand Slam winners have are also suspected to be engaged in match-fixing. Again, the Mexican player, Daniel Garza was also recently in the news, as charges were being brought against him, that he had tried to influence the outcome of ITF Futures. As a result, the player had been banned from tennis for six months, and a fine of $5,000 was imposed on him as well. According to the BuzzFeed reports, the tennis players are being continually targeted in the hotel rooms during the time of the major tennis tournaments, and are being offered an approximate amount of $5,00,00 for fixing purposes. Reports even suggest that during the big sport tournaments, such as the French Open or Wimbledon Open, betting becomes a serious issue, whereby 70 names of the worlds most eminent names in the world of tennis have come on the surface. Though the names have not been leaked yet for concrete, legal reasons, it should be observed that various eminent and powerful tennis players often complain of ankle or knee injury, withdrawing their names from the tournament, leading the opponent to easy victory (Carpenter, 2012). This being a repetitive trend naturally interrogates the integrity of some of the tennis players. These instances may remind one of the Polish Open of 2007, when the Russian tennis player, Davydenko complained of ankle injury, withdrawing himself from the match, leading to the victory of Arguello of Argentina. Later, it was being revealed that a huge sum of money of US $ 3.6 million, had allured the Russian player, World Number 4, who preferred to lose on his own (Anderson, 2014). The fact that match fixing is a serious issue in tennis, is self-evident, as the Tennis authority has also become aware of its ills, as a result of which they have set up investigating bodies such as the Tennis Integrity Unit, responsible for supervising and monitoring transparency in each single tennis match being played. The ATP has also set up an independent review committee meant for ensuring the effectiveness and appropriateness of the tennis Anti-Corruption Progarm. Yet it is surprising how the sports gambling sites have revealed that betting goes on, even during the most insignificant small-scale mixed double matches being played around the world (Lee,2016). Conclusion: To conclude, it must be noted that betting is indeed a serious issue in the world of tennis. Although the supervisory bodies, such as the TIU are trying their best to monitor the transparency of the sport events involved, it is quite doubtful if enough resources are being directed or are getting accessed by the TIU authority. The price of the players involved in major sport events has also been remarkably increased, to ensure that they are not getting tempted by any unfair practice. However, the professional tennis integrity officers working under ATP or WTA must come forward, and implement effective plans to prevent the issue. Reference List: Anderson, J. (2014). Match Fixing and EU Policy in 2014: An Introduction.Available at SSRN 2449305. Bag, P. K., Saha, B. (2016). Match?Fixing in a Monopoly Betting Market.Journal of Economics Management Strategy. Carpenter, K. (2012). Match-FixingThe Biggest Threat to Sport in the 21st Century?.Int Sports Law Rev,2, 13-23. Carpenter, K. (2013). Global Match-Fixing and the United States' Role in Upholding Sporting Integrity.Berkeley J. Ent. Sports L.,2, 214. Lee, P. C. (2016). Understanding the match-fixing scandals of professional baseball in Taiwan: an exploratory study of a Confucianism-oriented society.European Sport Management Quarterly, 1-22. Ricci, F., Scafarto, V., Marsigalia, B. (2016, September). The impact of match-fixing on product quality in the professional football industry: critical reflections from an institutional perspective1. In9th Annual Conference of the EuroMed Academy of Business. Rodenberg, R. M., Feustel, E. D. (2014). Forensic sports analytics: detecting and predicting match-fixing in tennis.Journal of Prediction Markets,8(1). Villeneuve, J. P. (2015). Acknowledging and Addressing the Issue of Match Fixing: The Case of Sport Organisation.Eur. J. Risk Reg.,6, 633.