What factors influence the demand for this product

Assignment Help Econometrics
Reference no: EM131014607

For Term Paper #1 you are required to pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions:

1. What factors influence the demand for this product? What factors influence the supply of this product?

2. How have these changes in supply and demand affected the equilibrium price of this product?

3. Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes?

Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 700 words for your essay is required.

Reference no: EM131014607

Questions Cloud

Estimate the error in the the trapezoid rule approximation : Estimate the error in the the Trapezoid rule approximation. How large must n be so that Tn is accurate within 0.001? Sketch a direction field for the ordinary equation y' = k(y-a).
Positive-memorable-peak experiences : Think about your own positive, memorable, "peak experiences" when it comes to ethics. Be prepared to discuss them with others in your class and to think about the conditions that would make it possible for such experiences to happen more regularly..
What are some of the economic factors : A cash flow diagram indicates the amounts paid or received by a stakeholder. For the operations and maintenance of a typical transit system in your community, list the amounts typically encountered in the cash flow stream over the life of the syst..
How it has transformed current business practices : Think of an organization or industry that you are familiar with. Name at least one recent change in technology, and describe how it has transformed current business practices
What factors influence the demand for this product : Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes?
Develop statistical model to relate the two expenditure item : It is seen that the more the system owner spends on preemptive activities, the less the owner spends on after-the-fact activities. Develop and plot a statistical model to relate the two expenditure items. From the developed model, establish and pl..
Paper on security protection in a network : Write a short paper on security protection in a network. How to design your system to accommodate high level and low level users, hosts, and data
Organization evaluate its ethics initiatives : 1. What recommendations would you make for handling frivolous calls to the hotline? 2. Does the organization evaluate its ethics initiatives? How? If not, why not?
Compare and contrast the categories of costs borne by users : Compare and contrast the categories of costs borne by users of a new government-funded untolled highway and those borne by users (customers) of a new water treatment plant that is funded by bills paid by the customers.

Reviews

Write a Review

Econometrics Questions & Answers

  What has been the history of entry into the market

What are the most important decisions (price, innovation, advertising and so on) on which the firms compete?

  Split the profits with an 80-20 split

Elaine as senior partner can make a take-it-or-leave it offer to her junior partner John to undertake a project and split the profits of $10,000. She considers just two offers: an 80-20 split (favoring Elaine), or a 50-50 split.

  What is the difference in the amount of depreciation

A construction company is considering changing its depreciation from MACRS method to historical SL method for a general purpose hauling truck. The cost basis of the truck is $100,000, and the expected salvage value for depreciation purposes is $8,..

  Youve recently learned that the company where you work is

youve recently learned that the company where you work is being sold for 380000. the companys income statement

  Would the individual ever choose to consume more units

Suppse a consumer utility derived from consuming banana is described by the function U=10X+3X^2-(1/3)X^3. Compute marginal utility. a. Make a table showing total and marginal utility for X from 0 to 7 units. b. Would this individual ever choose to c..

  What is the present equivalent of overhaul expenses at time

Major overhaul expenses of $5,000 each are anticipated for a large piece of earthmoving equipment. The expenses will occur at EOY four and will continue every three years thereafter up to and including year 13.

  Explain how to extend the above narrative to businesses

If Michelle devotes all her resources to growing potatoes, she can raise 200 pounds of potatoes per year. If she devotes all her resources to raising chickens, she can raise 50 chickens per year.

  Calculate the total change in money supply

One alternative way (from the formula on p. 419) to calculate the total change in money supply when the Fed injects money into the economy or takes away money from the economy is the amount of money injected or taken away by the Fed times the mone..

  Find what is the minimum cost savings per board

A firm is considering the purchase of circuit board stuffing machine that costs $100,000, has a 4-year life and zero salvage value. It will be used to produce $30,000 circuit boards per year. The MARR is 10%.

  What is the market price of the preferred stock today

Alpha Corporation has outstanding an issue of preferred stock with a par value of $100. It pays an annual dividend equal to 8 percent of par value. If the required return on Alpha's preferred stock is 6 percent, and if Alpha pays its next dividend..

  Determine what is the firms marginal revenue

a competitive firm can sell all of its output for the market price of $5. its short run cost function is TC= 1000 + Q + 0.005Q2. this cost function has marginal cost given by MC= 1 + 0.01Q.

  What are profits associated with the option

Customers to Live Theaters, Inc. can be divided into two groups: seniors and everyone else. The inverse demand curves for each of the two groups are given below. The marginal cost (which equals the average variable cost) of serving an additional p..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd