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Natural Science-Understanding Colour CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

Given each of the following price elasticities, determine whether marginal revenue is positive, negative, or zero. -5, -1, -0.5 CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

Do the following events cause the dollar to appreciate or depreciate against the Euro? 1. Health experts discover that red wine, espacially French or Italian red wine, lowers cholesterol. 2. GDP falls in nations across Europe. 3. The United States experiences a higher inflation rate than does Europe. 4. The United States runs a large budget deficit. 5. The U.S. dollar is expected to depreciate. CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

Please help with the answer to this question. Elasticity can be defined as percentage change in demand for a 1% change in decision attribute. For linear aggregate demand, what is the mathematical representation/formula for this statement? You must define the parameters you choose to use for this answer. ____ CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

Using data from the 1980′s two economists, using regression analysis, estimated the demand for new corporate jets. The demand function hypothesized that the demand for corporate jets (Qd) depended upon the price of new jets (P), the price of used jets (Pr), corporate profits (M) and a dummy variable representing corporate tax laws (D). The equation estimated was Qd = a + bP +cPr +dM +eD. 1. What do the results tell you about regression estimation and the demand for new corporate jets? Qd =17.33 – .00016P + .0005Pr – .85M + 31.99D (0.40) (-3.9) (4.81) (-1.17) (3.66) R2 =.86 and F = 20.35 2. Using the data and regression results the authors estimated both their own price elasticity and cross-price elasticity of demand; ep = -3.95 and epr = 6.41. What information does this provide about the demand for jets? 3. If you were to replicate this study today would you expect similar results? Why or why not? What variable would you add to improve the significance of the estimation? Why

Why would a country such as the United States, which can presumably produce everything it needs itself, choose to trade with other nations? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

In the small town of Springfiled, Duffman observes that the price of beer has fallen. Duffman concludes that the total amount of money spent buying beer has to fall since the price of beer is lower. Is he correct? Why or why not? For many corporations, a major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions. The book used is Managerial economics and organizational architecture. CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

Flower shops and price elasticity You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so you decide to investigate this concept. You call your friend, an economics professor, and ask, “What is the price elasticity of demand? What determines it? What is elastic and inelastic demand?” To really understand it, compute the following price elasticities of demand: a) The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. b) The price of a pack of cigarettes increases by 10% and there is a 5% drop in the quantity demanded. c) The price of water increases by 15% but there is no drop in the quantity demanded. d) Of the above examples, which is more elastic, and which is the least elastic? Why? Answer the following questions: - Why is elasticity an important concept for a business? What if national income went up? How would that

This assignment has been revised!!! Please help!!! Chapter 21, Exercises 1-4, 11 1. Use the following information to determine the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs. Total Output Costs TFC TVC AFC AVC ATC MC 0 $100 1 $150 2 $225 3 $230 4 $300 5 $400 2. Use the following table to answer the questions listed below. Total Output Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs. b. Plot each of the cost curves. c. At what quantity of output does marginal cost? equal average total cost and average variable cost? 3. Using the table in exercise 1, explain what happens to ATC when MC > ATC, MC < ATC, and MC ¼ ATC. 4. Using the table in exercise 2, find the quantity where MC ¼ ATC. Find the quantity where AT

Explain how a demand curve can be derived using utility theory? Explain why supply is more elastic in the long run? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

1 George has been selling 5,000 T -shirts per month for $8.50. When he increased the price to $9.50, he sold only 4,000 T- shirts. What is the demand elasticity? If his marginal cost is $4.00 per shirts, what is the desired markup and what is his initial actual markup? Was raising the price profitable? 2 The variety of Riverside Ranger logo T -shirts includes 12 different designs. Setup between designs takes one hour (and $18,000), and after setting up, you can produce 1,000 units of a particular design per hour (at a cost $8,000). Does this production exhibit scale economies or scope economies. 3 Why might intangible resources like human capital and intellectual assets be a more likely source of sustainable competitive advantage than tangible resources? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

Estimate of the demand function for household furniture F = 0.0036Y^1.08*R^0.16*P^−0.48 R^2 = 0.996 Where: F=furniture expenditures per household Y=disposable personal income per household R=value of private residential construction per household P=ratio of the furniture price index to the consumer price index Question A) Determine the point price and income elasticities for household furniture. Question B) What interpretation would you give to the exponent for R? Why do you suppose R was included in the equation as a variable? Question C) If you were a supplier to the furniture manufacturer, would you have preferred to see the analysis performed in physical sales units rather than dollars of revenue? How would this change alter the interpretation of the price coefficient, presently estimated as − 0.48? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original

Questions 1 through 6, refer to the following table showing a demand schedule: Price Quantity Demanded $200 1000 $150 1400 $100 1800 1. If price falls from $200 to $150, what is the elasticity of demand over this range? A. -0.625 B. -1.0 C. -1.17 D. -2.5 E. -3.0 2. As output increases from 1,000 to 1,400 what is marginal revenue? A. $25 B. $50 C. -$400 D. -$25 E. -$75 3. If price falls from $200 to $150, A. Arrows representing the price and quantity affects both point down. B. An arrow representing the price effect points down and is longer than an arrow for the quantity effect. C. An arrow representing the price effect points down and is shorter than an arrow for the quantity effect. D. Arrows representing the price and quantity effects both point up. E. Total revenue moves in the same direction as the arrow representing the price effect. 4. If price falls from $150 to $100, what is the elasticity of demand over this range? A. -0.625 B. -1.0 C. -1.17 D. -2.5 E. -3.0 5

The Burrito Barn is considering a price reduction on the Firegut Burrito, which currently sells for the price of $5.00. Giuseppe, the proprietor of Burrito Barn, knows the price elasticity for the Firegut is roughly equal to -2.3 over the range being considered for the price change. The Firegut has been selling at the brisk pace of 500 burritos per week. To increase market share, Giuseppe would like to increase sales to 750 per week. What price should Giuseppe set? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

1) In order to attract more customers on Mondays (A slow day), Alex’s Pizza Shop in Austin decided to reduce the price of their pizza rolls from $3.50 to $2.50. As a result, Monday sales increased from 70 to 130. Also, Alex’s sales of soft drinks rose from 40 to 90. a. Calculate the arc price elasticity of demand for the pizza rolls. b. Calculate the arc cross-price elasticity of demand between soft drink sales and pizza rolls prices. 2) The demand curve for product X is given as Q = 20000 – 20P a. How many units will be sold at $10? b. At what price would 2,000 units be sold? 0 units? 1,500? c. What will be the total revenue at a price of $70? What will be the marginal revenue? d. What is the pint elasticity at a price of $70? 3) Manning’s Inc. is the leading manufacturer of garage doors. Demand for residential garage door sales depends, of course, on the rate of new house building activity. The garage doors sell at an average price of $1,500 per door. In the coming year,

You have taken a job as pricing manager for a very fine men’s clothing line that sells high-end, tailored shirts, suits, etc. The firm is interested in increasing its revenues. Because it is a “high-end” clothier, your boss does not what to have a “sale” on shirts or sweaters; he would actually rather increase the prices on either the firm’s tailored shirts or the firm’s hand-knit sweaters. You know that depending on the elasticity of demand, it is possible to increase the prices for shirts or sweaters, sell fewer units but actually increase your revenues. The last time you increased the prices on your shirts and sweaters, the shirts went from $300 each to $320 each and the sweaters went from $400 each to $430 each. The corresponding change in demand was: Shirts dropped from an average sales of 260 a month to 242, while sweaters dropped from an average sales of 200 a month to 188. Calculate the price elasticity of demand for shirts and sweaters. Which one, shirts or swea

This assignment has been revised!!! Please help!!! Chapter 21, Exercises 1-4, 11 1. Use the following information to determine the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs. Total Output Costs TFC TVC AFC AVC ATC MC 0 $100 1 $150 2 $225 3 $230 4 $300 5 $400 2. Use the following table to answer the questions listed below. Total Output Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. Calculate the total fixed costs, total variable costs, average fixed costs, average variable costs, average total costs, and marginal costs. b. Plot each of the cost curves. c. At what quantity of output does marginal cost? equal average total cost and average variable cost? 3. Using the table in exercise 1, explain what happens to ATC when MC > ATC, MC < ATC, and MC ¼ ATC. 4. Using the table in exercise 2, find the quantity where MC ¼ ATC. Find the quantity where AT

Explain how a demand curve can be derived using utility theory? Explain why supply is more elastic in the long run? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

1 George has been selling 5,000 T -shirts per month for $8.50. When he increased the price to $9.50, he sold only 4,000 T- shirts. What is the demand elasticity? If his marginal cost is $4.00 per shirts, what is the desired markup and what is his initial actual markup? Was raising the price profitable? 2 The variety of Riverside Ranger logo T -shirts includes 12 different designs. Setup between designs takes one hour (and $18,000), and after setting up, you can produce 1,000 units of a particular design per hour (at a cost $8,000). Does this production exhibit scale economies or scope economies. 3 Why might intangible resources like human capital and intellectual assets be a more likely source of sustainable competitive advantage than tangible resources? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

For each of the following cases, calculate the arc price elasticity of demand, and state whether demand is elastic, inelastic, or unit elastic. a. When the price of milk increases from $2.25 to $2.50 per gallon, the quantity demanded falls from 100 gallons to 90 gallons. b. When the price of paperback books falls from $7.00 to $6.50, the quantity demanded rises from 100 to 150. c. When the rent on apartments rises from $500 to $550, the quantity demanded decreases from 1,000 to 950. You have the following information for your product: The price elasticity of demand is -2,0 The income elasticity of demand is 1.5 The cross-price elasticity of demand between your good and a related good is -3.5 What can you determine about consumer demand for your product from this information? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER

PROBLEM SET ONE 3 – PRICE-ELASTICITY OF DEMAND P1 P2 QD1 QD2 I II III IV V 1 1 2 10 5 2 3 2 9 9 3 0.40 1.40 30 15 4 1.2 4.0 20 15 5 7.5 4.6 40 30 6 6 12 12 6 7 18 36 360 180 8 5 5.000…01 1×106 0 9 5 4.9999…. 10 1×109 10 5 3 40 90 11 12 20 200 200 12 7 15 24 16 13 7 16 78 78 14 8 4 30 54 15 140 275 625 495 16 25 65 150 100 17 65 91 1300 780 18 4 5 21 11 19 78 91 780 780 20 91 78 780 780 Column I – determine the Price-Elasticity of Demand Coefficient. Refer to the Price-Elasticity Coefficient and Formula : change in quantity demanded change in price EP = —————————————- ∕ —————————- sum of quantities demanded / 2 sum of prices / 2 The data in the first four columns represent price (P) and quantity demanded (Qd) in time 1 (before change in price) and time 2 (after change in price) for a specified good. Note that results should be expressed in absolute terms. For example, -1 should be expressed as │1│, as should a positive 1. Column II – Interpret the results and indicate the t

Estimate of the demand function for household furniture F = 0.0036Y^1.08*R^0.16*P^−0.48 R^2 = 0.996 Where: F=furniture expenditures per household Y=disposable personal income per household R=value of private residential construction per household P=ratio of the furniture price index to the consumer price index Question A) Determine the point price and income elasticities for household furniture. Question B) What interpretation would you give to the exponent for R? Why do you suppose R was included in the equation as a variable? Question C) If you were a supplier to the furniture manufacturer, would you have preferred to see the analysis performed in physical sales units rather than dollars of revenue? How would this change alter the interpretation of the price coefficient, presently estimated as − 0.48? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original

PROBLEM SET ONE 3 – PRICE-ELASTICITY OF DEMAND P1 P2 QD1 QD2 I II III IV V 1 1 2 10 5 2 3 2 9 9 3 0.40 1.40 30 15 4 1.2 4.0 20 15 5 7.5 4.6 40 30 6 6 12 12 6 7 18 36 360 180 8 5 5.000…01 1×106 0 9 5 4.9999…. 10 1×109 10 5 3 40 90 11 12 20 200 200 12 7 15 24 16 13 7 16 78 78 14 8 4 30 54 15 140 275 625 495 16 25 65 150 100 17 65 91 1300 780 18 4 5 21 11 19 78 91 780 780 20 91 78 780 780 Column I – determine the Price-Elasticity of Demand Coefficient. Refer to the Price-Elasticity Coefficient and Formula : change in quantity demande CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW……………………….  d change in price EP = —————————————- ∕ —————————- sum of quantities demanded / 2 sum of prices / 2 The data in the first four columns represent price (P) and quantity demanded (Qd) in time 1 (before change in price) and time 2 (af

A particular demand curve is: QD = 500 – 0.5P If P = $100, is the demand inelastic? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

A particular demand curve is: QD = 500 – 0.5P If P = $100, is the demand inelastic? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

A particular demand curve is: QD = 500 – 0.5P If P = $100, is the demand inelastic? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW………………………. 

A particular demand curve is: QD = 500 – 0.5P If P = $100, is the demand inelastic? CLICK HERE AND GET A NON-PLAGIARIZED PAPER AND OTHER SIMILAR PAPERS FROM OUR EXPERTS…………………… Need a Professional Writer to Work on this Paper and Give you a 100 % Original Paper? CLICK HERE AND ORDER NOW……………………….