Assignment
1) Estimate the demand curve from the data provided. Use regression analysis to estimate quantity demanded as a function of the price.
2) Estimate the monopolist's cost function. Again, use regression analysis and the data provided.
3) Develop a price recommendation that will maximize profits, assuming that market conditions and production technology remains the same.
4) Develop an alternate price recommendation based on a different, forecasted cost structure. More specifically, propose a profit maximizing price if soon the cost structure will feature a fixed cost of $3,200,000 and a constant marginal cost of $7 per unit of output.
5) State your recommendations and explain how you arrived at them. (More detailed requirements for the written report are given below.)
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.
Attachment:- Data.rar