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The manager of aerospace division of General Aeronautics has evaluated price it can charge. Find the probability of receiving a price less than $1.2 million?
The estimate of demand function for household furniture produced the given results. Find out point price and income elasticities for household furniture.
Find out the cross elasticity of demand. Assume disposable income in expected to increase by 5 percent next year.
General Cereals is using the regression model to evaluate demand for Tweetie Sweeties. Find out the point advertising elasticity of demand.
The subway fare in the town has just been increased from current level of 50 cents to $1.00 per ride. Calculate price elasticity of demand for subway rides.
As a result, firm's daily sales of the sundaes have increased from 1,500/day to 1,800/day. Calculate arc price elasticity of demand over this price and consumption quantity range.
Savings-Mart (chain of discount department stores) sells patio and lawn furniture. Predict Savings-Mart s sales of patio and lawn furniture for every quarter of 2010.
What effect would 30 percent reduction in number of new homes completed have on Mapco's sales ( ignore impact of price cut of Surefire trimmer)?
The forecasting staff for Prizer Corporation has developed model to forecast sales of its air-cushioned-ride snowmobiles. Write down the potential weaknesses of his model?
Suppose that current production rates are maintained at three assembly plants, which alternative must management select?
Explain some of the methodological and measurement problem one might encounter in using time-series data to evaluate parameters of this model.
Consider that following short-run production function (where L = variable input, Q = output). Find out optional value of L, given that objective is to maximize profits.
MTV and Nickelodeon down to 12 to 18 percent at NBC and ABC. Give Porter Five Forces analysis of each type of network. Why is MTV so profitable relative to major networks?
Cool-Aire Corporation manufactures line of room air conditioners. Find out probability that Cool-Aire will incur the operating loss.
Present tax incentives to firm to clean up its production processes. Estimate these alternatives from perspectives of economic efficiency, equity, and likely long-term impact on firm.
The state of Glottamora has $100 million remaining in its budget for current year. What rate do you think to be more appropriate?
Compute internal rate of return and net present value to find out desirability of this investment. Should Bobcats sign superstar?
A firm has opportunity to invest in the project having initial outlay of $20,000. Calculate internal rate of return and net percent value.
Each country can produce Beef and Cotton. Suppose that before specialization and trade. Find the gains from specialization and trade for Argentina?
Assume that supply of gasoline suddenly increases, while demand for gasoline is held constant. How would this affect equilibrium price and equilibrium quantity in market?
Assume Guillen Co., a company producing baseballs, has monopsony power. Write the formulas for TLC and MRC and then fill in columns in table above for TLC and MRC.
Based on the data and using MRP = MRC Rule, determine number of units of labor that this firm must hire (L*). How do you know?
Find how many gadgets will be demanded at $10, $20, and $30? Find the arc price elasticity between $10 and $20; between $20 and $30?
Find the expected effect on quantity demanded for rental housing and owner-occupied housing (assuming rental rates and price of housing remain constant).
Where Y denotes income in thousands, Qd is quantity demanded in units, and P is price of bicycles. Find the income elasticity of demand?