Peter’s Pills is the only chemist in a small town. Peter’s is located near the train station and gets a significant portion of its business from travellers changing train lines. The demand for toothpaste by local customers and travellers is given by the table below.

Peter’s can buy toothpaste from a wholesale supplier for $2 per tube.

To maximise its profits, Peter's should offer a discount (the difference between the price charged to travellers and the price charged to locals) equal to $_

Rachel is dying for some coffee. In which case would her

demand likely be most inelastic?

which of the following is correct in relation to the privacy Act 1988 (Cth)

i. It covers data breaches

ii. It only applies to the private sector 

iii. It deals with how information is used 

iv. It deals with how information is stored 

v. It deals with how information is collected 

Please refer to the case study from the Week 4 tutorial. Which of the following statements illustrate a normative approach to decision-making by Qantas Group?

A) Focusing on sustainability as an ethical commitment to protect the environment  

B) Outsourcing staff to reduce operational costs 

C) Engaging with employees to establish ethical treatment policies that prioritise dignity over immediate gains 

 D) Expanding routes only where there is clear evidence of market profitability 

 E) Focusing solely on shareholder returns by cutting costs wherever possible 

Suppose mango farmer workers go on strike. At the same time, unseasonably warm weather has extended the pineapple growing season. 

Which of the following options show the likely impact of these events on the equilibrium price and quantity in the pineapple market?