Determine the equilibrium price and quantity of coffee

Assignment Help Managerial Economics

Reference no: EM133084134

Question 1. Explain the impact of Swiss National Bank's decision to keep negative interest rates. (max 1,000 words).

Question 2. Show that CES (Constant Elasticity of Substitution) is a utility function.

U(q₁, q₂) = (aq₁^-α + bq₂^-α)^-1/α

Q1, q2 - quantities

A + b = 1

Question 3. The estimated global supply of coffee is Q = 9 + 0.5p while the global demand for coffee is Q = 8.5 - p + 0.1Y

Y - the average revenue in high income countries

If Y = 20 USD (in thousands)

Determine the equilibrium price and quantity of coffee.

Question 4. Download excel file with money market rates in Switzerland from the attached link:

a. Calculate the mean value of the SARON close of trading value from 2000 to 2021.

b. Implement trendline in excel and show the equation on chart.

Attachment:- Task Managerial Economics.rar

Reference no: EM133084134

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