Is3350 Unit 4 Assignment
no50–64% 65–74% 75–84% 85% +
Pass Credit Distinction High Distinction
Assignment 1
This assignment is a compulsory assessment task. Value: Due: 15% of final mark 12.00pm (midday) on the scheduled teaching day of Week 5 Topic: Marking criteria: Assessment 1 See guides to Assessments
Imagine a country where long distance bus and taxi services are both provided by private interests, and, from a consumer perspective these services are viewed as substitutes. The demand for bus services is:
(1)
Where D1 is annual demand for bus services, P1 is price of bus trips, P2 is price of taxi trips and Y is annual income. Assume the supply of bus trips by the bus industry can be described by:
(2)
Where S1 is bus services in trips per year
Pass Credit Distinction High Distinction
Assignment 1
This assignment is a compulsory assessment task. Value: Due: 15% of final mark 12.00pm (midday) on the scheduled teaching day of Week 5 Topic: Marking criteria: Assessment 1 See guides to Assessments
Imagine a country where long distance bus and taxi services are both provided by private interests, and, from a consumer perspective these services are viewed as substitutes. The demand for bus services is:
(1)
Where D1 is annual demand for bus services, P1 is price of bus trips, P2 is price of taxi trips and Y is annual income. Assume the supply of bus trips by the bus industry can be described by:
(2)
Where S1 is bus services in trips per year