EXERCISE 2.docx - Ateneo de Zamboanga University School of Liberal Arts Fr Eusebio SJ Campus La Purisima St Zamboanga City Managerial Economics(Summer

EXERCISE 2.docx - Ateneo de Zamboanga University School of...

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Ateneo de Zamboanga University School of Liberal Arts Fr Eusebio, SJ Campus, La Purisima St., Zamboanga City Managerial Economics (Summer SY. 2019-2020) Exercise 2 Name : Section: School ID #: 1. Suppose you are the manager of a chain of computer stores. For obvious reasons you have been closely following developments in the computer industry, and you have just learned that Congress has passed a two-pronged program designed to further enhance the U.S. computer industry’s position in the global economy. The legislation provides increased funding for computer education in primary and secondary schools, as well as tax breaks for firms that develop computer software. As a result of this legislation, what do you predict will happen to theequilibrium price and quantity of software? (Graph the problem to show your solution)2. Sam Robbins, owner and CEO of PC Solutions, arrived at the office and glanced at the front page of The Wall Street Journal waiting on his desk. One of the articles contained statements
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