5. Florists incomes are usually not stable. a. People like to send flowers as gifts to their loved ones on Valentine's D

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5 Florists Incomes Are Usually Not Stable A People Like To Send Flowers As Gifts To Their Loved Ones On Valentine S D 1 (15.28 KiB) Viewed 41 times

5 Florists Incomes Are Usually Not Stable A People Like To Send Flowers As Gifts To Their Loved Ones On Valentine S D 2 (23.42 KiB) Viewed 41 times

5. Florists incomes are usually not stable. a. People like to send flowers as gifts to their loved ones on Valentine's Day. With the aid of a diagram, explain how florists' total revenue changes on Valentine's Day. b. Suppose the winter is warmer than expected this year. The flower harvest is good. Nevertheless, florists' total revenue has decreased. Explain this phenomenon with the aid of a diagram.
6. Mr Chan can drive to work via either the Tate's Cairn Tunnel or the Lion Rock Tunnel. Suppose the toll at the Tate's Cairn Tunnel has recently increased to S18 while that at the Lion Rock Tunnel remains at S8. After the change in the toll at the Tate's Cair Tunnel, the Lion Rock Tunnel becomes congested. It takes Mr Chan two hours to drive to his office if he travels via the Lion Rock Tunnel, while it takes only one hour if he travels via the Tate's Caim Tunnel. a. If Mr Chan carns $50 an hour, which tunnel will be choose? Explain your answer. (3 marks) b. With the aid of a diagram, explain why an increase in the toll at the Tate's Caim Tunnel will lead to congestion in the Lion Rock Tunnel (5 marks) c. With the aid of a diagram, explain under what circumstances the total revenue at the Tate's Cairn Tunnel will increase after its toll rises, (6 marks)