I love the line that movie trailers are the only kinds of advertisement that people love to watch and actually actively seek out
Tuesday, August 14, 2018
Tuesday, August 07, 2018
My simple equation on exercise using simple economics
I want to give a simple equation on exercise using simple economics.
In economics, if you want to sell a product. You can either price it high or low.
In a perfect world, if you price high, you'll get a small number of buyers. If you price lower, you get a higher number of buyers.
Revenue = price * quantity
So if you want an exclusive spa, price higher, a smaller number of customers. If you want an affordable spa, price lower, more customers. In a perfect world, you end up with the same revenue - this is my point of this equation.
In exercise, the similar equation that I invented is
Body exercise = quality * time
If you run, the quality is high, but you would run a shorter distance in less time.
If you speed walk, quality is lower, but you can walk for miles for a longer time.
In a perfect world, you would do the same level of exercise.
In economics, if you want to sell a product. You can either price it high or low.
In a perfect world, if you price high, you'll get a small number of buyers. If you price lower, you get a higher number of buyers.
Revenue = price * quantity
So if you want an exclusive spa, price higher, a smaller number of customers. If you want an affordable spa, price lower, more customers. In a perfect world, you end up with the same revenue - this is my point of this equation.
In exercise, the similar equation that I invented is
Body exercise = quality * time
If you run, the quality is high, but you would run a shorter distance in less time.
If you speed walk, quality is lower, but you can walk for miles for a longer time.
In a perfect world, you would do the same level of exercise.
Thursday, August 02, 2018
Apple is now the world's first trillion-dollar company
Read this article for Apple's road to $1 trillion: https://www.cbc.ca/news/business/apple-trillion-stock-market-valuation-1.4771428
Subscribe to:
Posts (Atom)