Thursday, August 27, 2020

Psychology Revision Notes Essay

Members were isolated into four gatherings which were acoustically comparable, acoustically unique, semantically comparable and semantically divergent. Members were given the rundown an aggregate of multiple times and each time was hindered to attempt to forestall practicing. They were then given a 20-minute span task and subsequently were approached to review their rundown. Semantically unique words were reviewed the most revealing to us that encoding in LTM is semantic. Synopsis of study on limit of STM and LTM Summary of study on term of STM Peterson and Peterson- Showed PPs a rundown of jabber trigrams and requested that they include again from 400 out of 3 second stretches for a span running from 3 to 18 seconds. Discovered that length of STM was 18-30 seconds maximum. Summary of study on span of LTM Bahrick- 400 members matured somewhere in the range of 17 and 74 were tried utilizing various techniques including free-review tests, photograph acknowledgment test, name acknowledgment tests and photograph name coordinating test. PPs performed less well on free review tests (30% following 48 years) however were greatly improved in the photograph name test (90% following 60 years). Models of memory Description of the multi-store model of memory, in addition to assessment inc. research Atkinson and Shiffrin- Multi-Store Model which comprises of three sections †tangible, present moment and long haul stores. Practice is required with the end goal for data to move across stores and recovery is expected to get to the data. In the event that data isn't practiced it will decay. Description of the working memory model, in addition to assessment inc. research Baddeley and Hitch- Working Memory Model which comprises of three sections †focal official, phonological circle (store and articulatory control framework) and the focal official. Memory in the genuine world Knowledge of what Eye Witness Testimony (EWT) is- The proof gave in court by an individual who saw a wrongdoing, with the end goal of distinguishing the culprit of the wrongdoing. The exactness of observer review might be influenced during beginning encoding, ensuing capacity and inevitable retrieval. Loftus and Palmer’s (1974) concentrate on EWT- Reconstruction of an Automobile Disaster. 9 understudy PPs per 5 conditions (knock, reached, hit, crushed and impacted). All viewed a video at that point requested to evaluate speed. Crushed the most noteworthy (40.8mph) and reached the least (31.8mph). PPs in second piece of trial at that point posed a main inquiry about broken glass. 16/50 of the crushed condition PPs said yes in contrast with 7/50 in the hit condition. Information on the components which influence the precision of EWT anxiety- Christianson and Hubinette (1993) Anxiety and EWT †genuine occurrences including elevated levels of pressure lead to increasingly exact, nitty gritty and dependable memories. Deffenbucher (2004) Carried out a meta-examination of 18 investigations, taking a gander at the impacts whenever uplifted uneasiness on exactness of EWR. Unmistakably there was impressive help for the theory that significant levels of pressure adversely affected on the precision of EWM. Age- Parker and Carranza (1989) Compared the capacity of grade younger students and understudies to effectively distinguish an objective individual after a slide succession of a counterfeit wrongdoing. In the photograph recognizable proof errand, kid observers has higher pace of picking ‘somebody’ than grown-ups observers, in spite of the fact that they were likewise bound to make mistakes of distinguishing proof than school students. Weapon center impact  Loftus(1987) In vicious violations, excitement may concentrate consideration on focal subtleties for example a weapon. Loftus et al recognized weapons center impact. 2 conditions, one including weapon the other not. Condition 1 (less rough) individuals was 49% precise in recognizing man. Condition 2 (progressively brutal) individuals were 33% exact. Recommends weapon may have diverted them.

Saturday, August 22, 2020

Your Up To Your Neck In Water Essay Example For Students

Your Up To Your Neck In Water Essay Hard rains tumbling down on you The breezes have changed young lady, and what have you to think about at this point? Presently the skys wall they are a facin for you We will compose a custom article on Your Up To Your Neck In Water explicitly for you for just $16.38 $13.9/page Request now You at last discovered that cash doesnt talk it swears Consider your past and appreciate it, for its gone at this point. Presently your simply meandering round, While tuning in to that regular old sound Like a Rolling Stone?- Bob Dylan-like a drifter The sun is no more What's more, the breeze has halted Each one despite everything trusts that the boats will come in What do you have to hang tight for the present? Gazing tossed the peephole on your knees Kraft supper and cheddar is all you got know. You came right here, when what you where truly searching for, was the reverse way around Be that as it may, dont overlook that regular old sound Like a Rolling Stone?- Bob Dylan-like a drifter You are stripped and sans protection before society Youve got the opportunity to discover a name for yourself Also, deal with your reputation The pink rose that sat across you flawless cherry world, Also, youre incalculable cash gracefully Laying in your perfect precious stone sky Swirlin and whirlin proliferate With youre tied up workers Flipped out fakes and air pocket gum twirls Disintegrating behind you that shadow that you cannot overlook Naive a snickering in any event, when you feel lament Tally the endless, converse with the dumbfounded, sing on the cemetery Yet, dont ever overlook that regular old sound Like a Rolling Stone?- Bob Dylan-like a drifter Dark red flares confounded your ears Tossing you to strong snares Utilizing your considerations and thoughts Be that as it may, just to strip youre self down to the opening that hes in After he took from you everything He could take.- Bob Dylan-Like A Rolling Stone Also, dont conceal that crude injury your not in the social request any longer Its opportunity to overlook that regular old sound Sing, inhale, compose, talk, croak and more arent those all the characteristics of a genuine man

Friday, August 21, 2020

What Is a Descriptive Essay About a Place?

What Is a Descriptive Essay About a Place?Aspiring writers will discover that there are several areas in which they can learn a lot about writing a descriptive essay about a place. Some of the topics you may want to consider include the following:What is a descriptive essay? A descriptive essay is a written piece that helps readers imagine and conjure up what they would find if they were on the specified location. In other words, it can be used to spark interest in a reader in seeing how well an author or writer can describe an unknown place.What are some characteristics of a good description? A good description is one that inspires awe. This awe will inspire curiosity and prompt the reader to learn more about the author's subject or topic. Of course, all of this can be accomplished with a lot of imagination and creativity.Describing a place can have an impact on how readers respond to your essay. Describing a place will tell a reader about the particular culture, people, and events that will impact a reader's experience. For example, if you described an artist's home, the resulting essay may influence the viewer to believe that the artist himself spent time creating these works of art.Another way to use the power of descriptions is to study how a reader's responses to different information can change. You may learn about how certain feelings can be evoked when you write about the experiences of others.The power of writing a descriptive essay about a place is valuable. If you want to find the answer to the question, 'what is a descriptive essay?' there are several tools you can use to determine what exactly it is.Begin with your education - start with geography. Geography will be the foundation for understanding a descriptive essay. You can also find plenty of inspiration by thinking about the interests of your community.Writing a descriptive essay about a place has a lot to offer a writer. It can give them some ideas about how they can create their own masterp iece.

Tuesday, May 26, 2020

Review Of The Maturation Of Alice Adventures

Natalie McAllister Ms. Listro English IV Level 1- MOD G 15 April 2016 The Maturation in Alice’s Adventures in Wonderland Herman Heese once said, â€Å"I began to understand that suffering and disappointments and melancholy are there not to vex us or cheapen us or deprive us of our dignity but to mature and transfigure us† (Goodreads). Hermann Hesse was a German, who wrote about mind and body, spirit and nature, and spiritual search within oneself. Hesse explains that through one’s life, an individual will learn through their experience. In order to for a person to become mature and transform from childhood to adulthood, that individual has to understand that through suffering, disappointments, and melancholy they learn to accept who they are and will transform from their personal experience. Throughout the novel, Carroll emphasizes the maturation and the growth within an individual externally and internally, with the protagonist Alice. Alice’s adventure begins when she follows the White Rabbit down into his rabbit hole. Alic e quickly learns that the rules and the people in Wonderland are different and unique. The audience witnesses Alice grow and develop as she encounters many different types of characters and confusing situations. As Alice goes through changes, external and internal, she discovers who she is and reacts to situations differently. In his novel, Alice’s Adventures in Wonderland, Lewis Carroll exposes the nature of maturing and adapting through Alice’s encountersShow MoreRelatedGo Ask Alice2576 Words   |  11 PagesCompulsive Behaviors Memoir Report and Review Psychology Introduction Go Ask Alice is a 1971 book about the life of a troubled teenage girl. The book continues its claim to be the actual diary of an anonymous teenage girl who became addicted to drugs. Beatrice Sparks is listed as the author of the book by the U.S. Copyright Office. The novel, whose title was taken from a line in the Grace Slick, penned Jefferson Airplane song White Rabbit, go ask Alice/when shes ten feet tall, is presentedRead MoreThe Oldest Jest by Jennifer Johnston1010 Words   |  4 Pagesthat Keane is contradicting herself in trying to keep her writing identity a secret. A thought that comes to mind is that it is quite possible Keane did not want to be in competition with her mother who was quite a â€Å"poetess and writer of literary reviews for Blackwoods magazine [and it was] considered an honor to write for Blackwoods and they published almost anything [her] mother chose to write† (Quinn 66). The hiding behind the pseudonym of M.J. Farrell was more for Keane to keep an onymous and stated

Friday, May 15, 2020

Since The Cold War Era, The Spread Of Democracy And Its

Since the Cold War era, the spread of democracy and its implications have been highly debated across the world. As more states adopt this method of government, the question of how to interact with opposing states has taken the spotlight in the context of international relations. Some scholars, like Robert Kaplan, believe that democratic elections do not help with social and economic stability in developing countries. Others, particularly supporters of the United States idea of democracy such as Sean Jones, believe that democracy benefits the inhabitants of newly democratizing states, promotes peace in the international system, and advances U.S. interests. This paper will explore the support and opposition of the claim that spreading†¦show more content†¦The lack of direct conflict between two established democracies in many years can be attributed to the claim that the spread of democracy makes the world more peaceful. However, this is not always the case. Rosato says demo cracies do not reliably externalize their domestic norms of conflict resolution and do not trust or respect one another when their interests clash. The long-standing platform of freedom for all in America shows the effect of a democracy that places the views of the people first, putting decisions in the hands of representatives and other elected officials. A clash of interests, in this case, can be when a democratically elected official chooses to support a donor rather than the reasonable or ethical choice. Another example could be in terms of war, when a state chooses to proceed or continue with a war that is largely unpopular within the state. We can conclude from this that peaceful interactions between democratic states must come from unbiased leaders with the public interest in mind. Rosato finishes by saying that peace among democracies are certainly observable, but that is not necessarily because of the democratic nature of the states. Another liberal democratic idea is tha t democratic states are more likely to engage in conflict with non-democratic states. Many times, in the 21st century, politicians have used the idea ofShow MoreRelatedThe Cold War And The Soviet Union1529 Words   |  7 PagesAfter the Cold War, the United States (US) and Soviet Union remained the top two superpowers. As the Cold War progressed, the ideological battle was often fought in countries that held little physical strategic value. One such country was Vietnam, an Indochina region that was historically under French control. During the 1960’s and 70’s, however, there was also influence by China over Vietnam. The Soviet Union attempted to gain control within third world countries as well. Consequently, since the USRead MoreThe Cold War And Initiation Of Neoliberalism Essay900 Words   |  4 Pagessystem has experience a multitude of theoretical frameworks including realism, liberalism, and idealism; furthermore, each has emerged into new schools of thought aft er the conclusion of the Cold War. The liberal school of thought has inherited many developments and new features since 1989. The ending of the Cold War and initiation of neoliberalism was expected to lead to a decline in conflict and result in a cooperating international system under the anarchic system. In addition, to the new featuresRead MoreThe End Of World War Two And The United States1411 Words   |  6 PagesThe end of World War Two saw Russia and the United States as world powers, each with totally different views on how the new world should be governed.The Cold War was a fight between Communism and Capitalism; only one method could prevail. Communism, was the notion that through a class war all would become equal, all property owned publicly and each person paid equally. On the opposite end of the spectrum lay Capitalism where there is an economic and political system of a country’s trade and industryRead MoreThe Cold War : A New History By John Lewis Gaddis1690 Wo rds   |  7 Pageswas present since the dawn of American history. The American revolt against the arrogant, totalitarian regime set a precedent for the future events in which the nation came together to oppose anything that went against the concept of democracy, and capitalism. Communism, or Marxism posed as a huge threat to the free mined Western societies, thus resulting in world wars that left perilous aftermaths, and bred an ongoing conflict between the two global political establishments. The Cold War, which isRead MoreThe Reasons behind the Cold War Essay1326 Words   |  6 PagesThe Cold war was a sustained state of military and political tension between powers of two dominating powers from opposite sides of the globe. One from the Western Bloc, or Capitalist Bloc, dominated by the United States (U.S) and the other from the Eastern Block, or Communist Bloc, powered by the Soviet Union (U.S.S.R). Obviously both very different, the opposing ideas of the superpowers supported the spread of their respective and economic systems and strengthened their military powers. As a resultRead MoreSoviet Rock ‘N Roll1498 Words   |  6 Pages  Roll After the in the World War II, there was a power division of the world into two axes of power that created the United Soviet Socialist Republics or only the Soviet Union.   The axis of power and the scramble for the control of the world led to the making of the Berlin wall and division of eastern and western Germany each with either ideology. The allies which included the USA, Great Britain and France formed allied forces. Although the cold war was in itself not a war, it was an economic sanctionRead MoreSoutheast Asia is made up of closely intertwined nations. There is shared history and common700 Words   |  3 Pagescontinue have a significant impact in defining the long term peace outlook in Southeast Asia region. Approach: This paper seeks to provide a critical assessment of security challenges that Southeast Asian nations faces and examines why an inter-state war is not a central security concern in contemporary times. The first section discusses security challenges in Southeast Asia by examining both internal conflict and inter-state dispute in the region. The second section examines why Southeast Asia remainsRead More Reagans Change Toward Dà ©tente Essay931 Words   |  4 Pagesalso believed that Americans had the moral obligation to spread democracy, again very similar to Wilson and his spread of national self-determination. Reagan believed that Eat-West relations would improve if he could make the Soviet Union share his fear of a nuclear doomsday. Surprisingly Reagans rhetoric did not stop negotiations. By his second term, Reagan had opened an East-West dialogue of a scope and intensity not seen since the era of dà ©tente under Nixon (Kissinger 769). This time howeverRead MoreThe United States Outlook on Foreign Policy Affairs Essay881 Words   |  4 Pagesaffairs after World War II was influenced by the fear of communist expansionism rather than establishing foreign relations with each country. The U.S. found itself with a conflict between its profound belief in the constitution and democracy and a need for domestic and national security. In 1947, the National Security Act authorized the creation of the Central Intelligence Agency. Its role was to protect domestic security and oversee national relations. Following World War II the Cold War intensified andRead MoreEffect On American Society Durin g The Cold War1183 Words   |  5 PagesThe Effect on American Society During the Cold War The Cold War propelled the United States of America into a seat of previously unattained power in the world . American citizens spearheaded the push toward advancement in their search for the epitome of happiness: the â€Å"American Dream†. Post-war paranoia was driven by the supposed threat of the spread of communism, which Americans feared could interfere with the freedoms and liberties the founding fathers fought to achieve. This paranoia eventually

Wednesday, May 6, 2020

The Road Not Taken By Robert Frost - 968 Words

Equating life with a journey is one of those most popular metaphors throughout literature. Going through a physical journey is full of twists and turns, much like personal exploration that leads to finding a person’s identity. In â€Å"The Road Not Taken† by Robert Frost, there is a definitive feeling that can be interpreted as remorse and nostalgia. Frequently, in literature regarding journeys, authors tend to use characters and objects as metaphors in order to show the reader that they are looking back, perhaps either at their life as a whole or defining moments. However, in this poem, Frost indicates that the speaker is standing at the figurative fork in the road and intends to one day look back on his life’s choices. The two roads in the first stanza are symbolic of two choices that could make themselves present in your life. The fork that Frost discusses means these choices cannot intersect and in the literal sense, this point in your life means that something must happen or a decision must be reached. As with any decision in your life, you cannot always see the toll it will take on your life down the line. It is simply impossible to understand every good and bad thing that came with a single choice. This is apparent in the verse, â€Å"And looked down as far as I could†, meaning that everyone has an idea in their minds of how an important decision could change their life, but it is impossible to understand all the repercussions that come with any choice. The speaker in theShow MoreRelatedThe Road Not Taken By Robert Frost983 Words   |  4 PagesThe poem â€Å"The Road Not Taken was written by Robert Frost, a four-time Pulitzer Prize winner in poetry, and also a special guest at Presid ent John F. Kennedy’s inauguration (Robert Frost Biography). Frost was born on March 26, 1874 in San Francisco, California and he died of complications from prostate surgery on January 29, 1963. Much of Robert’s popularity was gained throughout Europe (An Analysis of Robert Frost’s Poem: The Road Not Taken). Frost became a poetic force, and the unofficial poetRead MoreThe Road Not Taken by Robert Frost764 Words   |  3 PagesWritten by Robert Frost, â€Å"The Road Not Taken† deals with about making choices in life and how those choices affect your whole life. The meter of this poem is iambic tetrameter, for the most part. In most lines, the meter follows the rule with four iambs, which means that there is one unstressed syllable followed by a stressed syllable. But the meter is not normal since, in some lines, an anapest, which means there are two unstressed syllables followed by one stressed syllable, is substituted forRead MoreThe Road Not Taken By R obert Frost1173 Words   |  5 PagesRobert Frost, one of America’s well-known poets is highly regarded for his realistic illustrations of rural life and poetry which is still relevant in today’s society. After being honoured on numerous occasions, he became one of America’s most popular public figures. Frosts’ poems reflect his greatness and his life in a variety of ways after he was confronted with such despair and grief after the passing of his father due to tuberculosis at just eleven years of age and his mother who passed awayRead MoreThe Road Not Taken By Robert Frost995 Words   |  4 Pagesthey can only move forward hoping for the best. â€Å"The Road Not Taken†, Robert Frost, 1916. In â€Å"The Road Not Taken† a traveler is strolling through the woods and comes across two different roads he could take, and unable to travel both the poet eventually chooses which path to take. The theme conveyed is about making choices. Frost does this through the use of diction, the use of figure of speech, and the use of imagery. To start with, Frost displays the main idea of decision making by the wordsRead MoreThe Road Not Taken By Robert Frost1055 Words   |  5 Pagesago. Either way, if you admit it now or in the wee hours of the night, like most people, you will come across this question at least once in your life. Robert Frost was able to grasp this raw, vulnerable life changing moment in the palm of his hand. Then he beautifully laid it out in the form of words in the narrative poem â€Å"The Road Not Taken†. Frost is able to take you back to a time when you have been faced with a life-changing decision. Then, causing you to ask yourself â€Å"Did I make the right choiceRead MoreThe Road Not Taken By Robert Frost940 Words   |  4 Pagesâ€Å"The Road Not Taken† was written by Robert Frost in 1916, and it was the first poem in the collection Mountain Interval (Shmoop). Even though it was written many years ago, people of all ages still study this enticing poem. Frost wrote about coming to a fork in the woods and examining which path he should take and whether he might ever come back; the speaker believes each path is fine to take, but he takes the less used path (line 6). He wrote about this decision in clear, standard English. â€Å"TheRead MoreThe Road Not Taken, By Robert Frost968 Words   |  4 PagesPersonal Response 3 Title: The Road Not Taken Text Type: Poem Author: Robert Frost The poem, ‘The Road Not Taken’ by Robert Frost is about the â€Å"roads† and different paths we take in our lives. Frost wrote about a traveler who had to chose between two roads. He had to decide if he wanted to go down the well used or less used path. In the end, he went down the less used path. The theme of decision making and choices is shown in this poem. I think that this is a way of describing the choices we makeRead MoreThe Road Not Taken By Robert Frost863 Words   |  4 PagesThe Poem, â€Å"The Road Not Taken†, by Robert Frost is a detailed poem about a conflict in a person’s life, dealing with having to take the right path throughout life. The Narrator of this poem is faced with a predicament when he comes across two paths. The choices that he makes in his life, can alter the future for better or worse. This poem describes his attitude and emotion towards his choices as well as, shows examples of themes, mood, and different literary devi ces. The title of this poem canRead MoreRoad Not Taken, Robert Frost942 Words   |  4 PagesEnglish 101 Burstrem October 7, 2009 The Road Not Taken Life is full of choices and decisions that could ultimately change the outcome of our lives. In the poem, â€Å"The Road Not Taken† by Robert Frost, a traveler is destined to make that decision. This traveler man has to decide which road to take, one that is frequently traveled, and the one that is not. After contemplating which road to follow, he comes to the decision to take the road less traveled because he doesn’t want to follow inRead MoreThe Road Not Taken By Robert Frost1100 Words   |  5 PagesRobert Frost reflects that poetry â€Å"begins in delight and ends in wisdom†¦.It runs a course of lucky events , and ends in a clarification of life—not necessarily a great clarification, such as sects and cults are found on, but in a momentary stay against confusion† (931). His poem â€Å"The Road Not Taken† is a clarification of life. This paper will analyze and evaluate the formal elements of â€Å"The Road Not Taken† and consid er how these elements work together to fit the author’s purpose and clarification

Tuesday, May 5, 2020

The Demand for a Low Calorie Food Company

Question: Using the demand and supply function, the equilibrium point of the market would be estimated along with the various factors that would impact the market dynamics for the company. Answer: Introduction The main aim of the given research is to estimate the demand for a low calorie food company based upon the given information. Besides the estimation of demand function, an essential objective of the given report is to comment on the point elasticity which can eventually shed light with regards to the most effective pricing strategies. Additionally, using the demand and supply function, the equilibrium point of the market would be estimated along with the various factors that would impact the market dynamics for the company. Determination of the individual elasticities The regression equation for demand of widgets is as shown below. The respective standard errors are shown in brackets immediately below the given coefficient. Further, other critical information such as coefficient of determination and the F-value have also been provided. QD = - 5200 - 42P + 20PX+ 5.2I + 0.20A + 0.25M (2.002) (17.5) (6.2) (2.5) (0.09) (0.21) R2 = 0.55, n=26 and F = 4.88 Further, based on the given input information about the various independent variables in the regression equation, the estimate of the quantity demanded is as shown below. QD = -5200 42*500 + 20*600 + 5.2*5500 + 0.2*10000 +0.25*5000 = 17,650 Price elasticity of demand = (P/Q)*(dQ/dP) = (500/17650)*(-42) = -1.19 The price elasticity as expected is negative and thus complies with the law of demand i.e. as the price rises, the demand of the product would fall. A negative elasticity also indicates the given product is a normal good and not an inferior good. Besides, the magnitude of elasticity is indicative of the fact that a unit percentage change in price would alter the demand by 1.19 percent in the opposite direction of the change in price. A magnitude of more than 1 indicates that price elasticity is positive (Krugman Wells, 2013). Cross price elasticity of product = (PX/Q)*(dQ/dPX) = (600/ 17650) * 20 = 0.68 The price elasticity of competitors product is positive which clearly indicates that the products are substitutes. As a result, an increase in the price of competitors product by a unit percentage would lower the demand of the competitors product and thus enhance the demand of the companys product by 0.68 percent as consumers would search for cheaper alternatives. A price elasticity of less than 1 indicates relative inelasticity (Nicholson Snyder, 2011). Income elasticity of product = (I/Q)*(dQ/dI) = (5500/ 17650) * 5.2 = 1.62 A positive income elasticity indicates that the given product is normal since the demand increases with increase in income levels. Further, the quantum of income elasticity indicates that a unit percentage change in income levels would lead to an increase of 1.62 percent in demand (Mankiw, 2014). Elasticity of advertising expenditure = (A/Q) * (dQ/dA) =(10000 / 17650) * 0.20 = 0.113 A magnitude of less than 1 indicates that the demand is inelastic ad a unit percentage increase in advertisement expenditure would lead to increase in the quantity demanded by a meagre 0.113% (Pindyck Rubinfeld, 2001). Elasticity of supermarket microwave sales = (M/Q) *(dQ/dM) = (5000/17650)*0.25 = 0.071 It is apparent from the above that a unit percent change in the ovens quantity bought is supermarkets would change the quantity demanded by 0.071% and hence the demand is inelastic (Samuelson Marks, 2003). Implications of individual elasticity for pricing The price elasticity of the product in the given case is -1.19. Further cross elasticity, income elasticity and elasticity of the demand of the product with regards to the other factors is inelastic since the respective elasticity coefficients have a magnitude of less than 1. Thus, the underlying price of the product is the most critical parameter that tends to impact the demand of the product (Mankiw, 2014). With regards to decision on price cut, it is advised that company should not go ahead and cut the price. This is primarily because the percentage increase in the quantity caused by the percentage decrease in the price of the product would lead to enhanced revenues for the company but may not generate higher profits for the company as shown below. This is illustrated using the following example (Krugman Wells, 2013). Total Revenue = Price * Quantity Sold Let the current unit price be $ 10 while the corresponding quantity sold is 1000. Let us assume that the total unit cost is $ 5. Hence, current revenue = 1000*10 = $10,000 Current profit = 1000*(10-5) = $ 5,000 Now, let us assume that the company decreases the price by 10% i.e. from $ 10 to $ 9. This would increase the corresponding quantity sold by 11.9% and hence the sales would become 1119 units. Thus, new revenue = 1119*9 = 10,071 New profit = 1119*(9-5) = $ 4476 As is evident, even though the overall sales are higher, but the absolute profits and profitability margins have declined. Thus, unless the increase in market share can offset this loss in profitability in the long run, price cur must not be resorted on purely on sales consideration (Pindyck Rubinfeld, 2001). Estimating equilibrium market conditions The quantity demanded can be estimated for different prices using the regression equation provided. Since P is the only variable in the question as other variables are constant, hence the regression equation can be written in a simplified format by substituting the given values of other variables (Nicholson Snyder, 2011). Hence, QD = 38650 42P Thus, QD (P=100) = 38650 42 (100) = 34450 QD (P=200) = 38650 42 (200) = 30250 QD (P=300) = 38650 42 (300) = 26050 QD (P=400) = 38650 42 (400) = 21850 QD (P=500) = 38650 42 (500) = 17650 QD (P=600) = 38650 42 (600) = 13450 The above values of the quantity demanded for various price levels is summarised in the form of following demand function graph. The supply function for the given product is given by Q = -7909.89 + 79.1P Hence, QS (P=100) = -7909.89 + 79.1(100) = 0.11 QS (P=200) = -7909.89 + 79.1(200) = 7910.11 QS (P=300) = -7909.89 + 79.1(300) = 15820.11 QS (P=400) = -7909.89 + 79.1(400) = 23730.11 QS(P=500) = -7909.89 + 79.1(500) = 31640.11 QS(P=600) = -7909.89 + 79.1(600) = 39550.11 The market equilibrium is reached at a point where the demand function and supply function coincide as demonstrated graphically below. The equilibrium point can be mathematically determined by equating the demand and supply functions as shown below (Mankiw, 2014). 38650 42 P = 7909.89 + 79.1P Solving the above, we get P = $ 253.84 Further, equilibrium, quantity = 38650 42(253.84) = 27988.72 or 27,989 approximately. Significant factors impacting demand and supply function One of the key determinants for low calorie food would be consumer incomes as is apparent from the cross income elasticity. Other factors impacting the demand of low calorie food are the price of the competitors product offering along with the oven sales. However, an additional variable in this regard is the change in consumer preferences and the underlying health consciousness amongst the consumers. Besides, education levels can be a key determinant of demand for low calorie food since educated people in general have healthier food choices (Krugman Wells, 2013). A low coefficient of determination of 0.55 also indicates that the given independent variables only explain 55% of the change in the product demand and thus 45% of the demand changes in the low calorie food are not represented by the current regression equation. The increase in income level of consumers would cause a rightward shift in demand while decrease in income levels would result in a leftward shift. Besides, increas e in the competitors product would increase the demand for companys product and cause a rightward shift (Nicholson Snyder, 2011). References Krugman, P. Wells, G. (2013), Microeconomics (3rd ed.), London: Worth Publishers Mankiw, G. (2014), Microeconomics (6th ed.), London: Worth Publishers Nicholson, W. Snyder, C. (2011), Fundamentals of Microeconomics (11th ed.), New York: Cengage Learning Pindyck, R. Rubinfeld, D. (2001), Microeconomics (5th ed.), London: Prentice-Hall Publications, Samuelson, W. Marks, S. (2003), Managerial Economics (4th ed.). New York Wiley Publications,