Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Imagine that you work for the maker of a leading brand of low calorie, frozen microwavable food that estimates the following demand equation for its product using date from 26 supermarkets around the country for the month of April.Option 1Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets.QD = -5200 - 42P + 5.21 .20A + .25M(2.002) (17.5) (6.2) (2.5) (0.09) (0.21)R2 = 0.55 n= 26 f= 4.88Your supervisor has asked you to compute the elasticities for each independent variable, Assume the following values for the independent variables :Q = Quantity demanded of 3 pack unitsP(in cents) = price of the product = 500 cent per 3 pack unitPx ( in cents) = price of the leading competitor's product = 600 cent per 3 pack unitI ( in dollars ) = per capital income of the standard metropolitan statistical area (SMSA) in which the supermarkets are located = $5500A ( in dollars ) = Monthly advertising expenditures = $10,000M = number of microwave ovens sold in the SMSA in which the supermarkets are located = 5,000 Option 2Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets.QD = -2000 - 100P + 15A + 25px + 10I(5234) (2.29) (525) (1.75) (1.5) (0.21)R2 = 0.85 n= 120 f= 35.25Your supervisor has asked you to compute the elasticities for each independent variable, Assume the following values for the independent variables :Q = Quantity demanded of 3 pack unitsP(in cents) = price of the product = 200 cent per 3 pack unitPx ( in cents) = price of the leading competitor's product = 300 cent per 3 pack unitI ( in dollars ) = per capital income of the standard metropolitan statistical area (SMSA) in which the supermarkets are located = $5000A ( in dollars ) = Monthly advertising expenditures = $640Write a four to six (4-6) page paper in which you:1. Compute the elasticities for each independent variable . Note : write down all your calculation2. Determine the implications for each of the computed elasticities for the business in terms of short - term and long term pricing strategies. provide a rational in which you cited your results.3.Recommend whether you believe that this firm should or should not cut its price to increase its market share. provide support for your recommendation4. Assume that all the factors affecting demand in this model remain the same, but that the price has changed. further assume that the price changes are 100, 200, 300, 400, 500, 600 dollars1. plot the demand curve for the firm2. plot the correspondent supply curve on the same graph using the supply function Q =5200 + 45P with the same price3. determine the equilibrium price and quantity4. Outline the significant factors that could cause changes in supply and demand for the product, Determine the primary manner in which both the short term and the long term changes in market condition could impact the demand for, and the supply, of the product 5. Indicate the crucial factors that could cause rightward shifts and leftward shifts of the demand and supply curves6. Use at least three (3) quality academic resources in this assignment.
Let customer's tastes change so that consumers now demand 100 more units at each price. When the cost of the good is $50, elucidate how many units of the good are demanded?
Other things being equal, woudl this tend to increase planned expenditure in the United States by exactly, more than, or less than $50,000? Would it shift the aggregate demand curve to the right, the left or not at all? Explain in detail.
If CPI was somehow able to monopolize the market what would happen to the price of toothpaste, would it rise or fall? What would happen to the profits CPI makes via their toothpaste division?
How can makers of flat-panel TVs earn economic profits during the first few months after the introduction of new models? What economic forces result in the dissipation of economic profits earned by manufacturers of flat-panel TVs?
If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers in your area?
Why would consumers demand 0 minutes in the long run if the price was $.30 every minute.
Consider decision making process used by consumers as they budget their money to maximize use of their resources.
how many pineapples will she consume? If her income increases to $120, how many grapefruits will she consume? Are grapefruits a normal or inferior good?
Assume the Bank of Japan allowed the money supply to grow by 2% each year while the Bank of Korea chose to maintain relatively high money growth of 12% per year.
q1. beer n pizza is complements because they are often enjoyed together. when the price of beer rises what happens to
illustrate what prevented the villagers from reaching this higher-income allocation of resurces when they acted independently
Assume that a Swiss watchmaker imports watch components from Sweden and exports watches to the United States. Illustrate what is the relationship among disposable income and consumption expenditure.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd