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2009Problem_Set_4

# 2009Problem_Set_4 - AEM 4150 Price Analysis Fall Semester...

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AEM 4150 Price Analysis Fall Semester 2009 Homework Assignment 4 This assignment is due at the beginning of class on Tuesday, 29 September 2009. Problem 1 You have just been hired by PerfectPrint , a large producer of laser printers. Your boss has given you the regression below, and wants you to answer the following questions. (a) Demand Function What is the estimated demand function equation for PerfectPrint laser printers? Write it out in algebraic form, e.g., Q LP = …… (1 point) Estimated Demand Function Estimated Supply Function Dependent Variable is Q LP Dependent Variable is Q LP Variable Coefficient T-Stat Variable Coefficient T-Stat C 29.81 1.43396 C 3.78 1.521889 P LP -1.78 -9.17872 P LP 2.33 2.456812 P Inkjet 5.23 3.04958 P Cartridge -3.41 5.256354 P Paper -1.49 1.79934 P LAB -9.38 -2.525548 A 0.64 6.52783 T 5.67 2.487678 I 2.11 2.98573 R-squared 0.74325 R-squared 0.85673 Variable Definition Average C Constant Q LP Quantity of laser printers P LP Real price of laser printers P Inkjet Real price of inkjet printer 80.00 P Paper Real price of paper 5.50 P Cartridge Real price of laser cartridge 60.00 A Advertizing 90.71 I Income (000s) 41.25 P

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2009Problem_Set_4 - AEM 4150 Price Analysis Fall Semester...

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