User Account

All Pages

What is the profit-maximizing unit price

Assignment Help Managerial Economics
Reference no: EM13712258

1. Run the appropriate regression to estimate the average variable cost function (AVC) for Sting Rays. Evaluate the statistical significance of the three estimated parameters using a significance level of 5 percent.

Be sure to comment on the algebraic signs of the three parameter estimates.

2. Given your answer in 1, show the estimated total variable cost, average variable cost, and marginal cost functions (TVC, AVC, and MC) for PoolVac.

3. Apply dummy variable to construct the time-series quarterly sales estimation of Sting Ray (Hint: Q = A+Bt+...). Please predict the quantity sold in the first quarter 2013.

4. Run the appropriate regression to estimate the demand function for Sting Rays. Evaluate the statistical significance of the three estimated slope parameters using a significance level of 5 percent. Discuss the appropriateness of the algebraic signs of each of the three slope parameter estimates.

5. The manager at PoolVac, Inc. believes Howard Industries is going to price its automatic pool cleaner at $250, and average household income in the U.S. is expected to be $65,000. Using the regression results from Question 4, write the estimated demand function (with only P as the independent variable), inverse demand function, and marginal revenue (MR) function.

6. Given your MC function in question 2 and MR function in question 5, what is the profit-maximizing unit price PoolVac should charge for Sting Ray?

Reference no: EM13712258

Questions Cloud

One of the classic tools for treating depression : 1) One of the classic tools for treating depression which is not corrected by drugs is electroconvulsive shock. The patient has his/her brain electrically stimulated so as to induce convulsion. The treatment works in that it decreases the level..
Explain each of the ethical decision-making approaches : Briefly explain each of the ethical decision-making approaches and discuss how the two approaches are similar.
L;eft atrium is damaged and is generating a great resistance : The left atrium is damaged and is generating a great resistance to blood coming from pulmonary vein. What happens due to this pressure? A: back up of blood causing a subsequent back flow of blood into the inferior vena cava
Habitat restoration plan and conduct an analysis : Habitat Restoration Plan and conduct an analysis of its proposed actions, feasibility, and contribution to conservation biology for the species and region represented in the plan.This project should be no less than 10 pages (not counting title ..
What is the profit-maximizing unit price : Evaluate the statistical significance of the three estimated parameters using a significance level of 5 percent and what is the profit-maximizing unit price PoolVac
Statement of cash flows in proper form using indirect method : Prepare a statement of cash flows in proper form using theindirect method. The only noncash items in the income statement are depreciation and the gain from the sale of the investment.
Maximum carbon content possible for a plain carbon steel : What is the maximum carbon content possible for a plain carbon steel that must have an impact energy of at least 200 J at -50degC?
Calculate the heat transmission through the wall : An outside wall of a building is constructed of 1/2 inch gypsum sheeting, 8 inches of concrete block (hollow, 3 oval core), and 4 inches of common brick. The inside of the building is maintained at 75F dry-bulb temperature and 65F wet-bulb temperatur..
Grania companys income statement : Prepare the operating activities section of the statement of cash flows using the direct method - Grania Companys income statement contained the condensed information.

Reviews

Write a Review

Managerial Economics Questions & Answers

  Linear programming problem

Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.

  Demand, supply and the market equilibrium

The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.

  Supply and demand in professional sports

Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.

  Explain whether the firm will make economic profit

Explain whether the firm will make economic profit, In the short run and In the long run.

  Determine the official measure of the deficit

Determine the official measure of the deficit

  Coordination of the activities of a business

The organization and coordination of the activities of a business in order to achieve defined objectives.

  What is the profit maximizing number of gizmo widgets

What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.

  Determine autocorrelation function of a rectangular pulse

Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.

  Managerial economics assignment

Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Solve managerial economics questions

MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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