Answer question
1. Dependent variable in the demand study is Weekly Riders (WR)
2. Independent variables are
2.1.
Price per ride (cents) symbol P
2.2.
Population in the metropolitan area service by STA symbol POP
2.3.
Disposable income per capita symbol I
KienTrung Nguyen _ 01444198/8
Kien Trung Nguyen
Prof: Raymond Jackson
FIN 500
16 September 2013
Homework Assignment
Question 1:
Consider the demand for computers. For each of the following, state the effect on
demand.
QXD = f (PX, T , I , PY, PZ, E X C ,
KienTrung Nguyen _ 01444198/3
Kien Trung Nguyen
Prof: Raymond Jackson
FIN 500
23 September 2013
Homework Assignment
Question 1:
For each of the following cases, calculate the arc price elasticity of demand, and state
whether demand is elastic, inelastic,
SUMMARY OUTPUT
Regression Statistics
Multiple R
0.9798036837
R Square
0.9600152586
Adjusted R
Square
0.9527453056
Standard Error
20.4898444767
Observations
27
ANOVA
df
Regression
Residual
Total
Intercept
P
POP
INC
PARK
SS
MS
F
Significance F
4 221760.3246
Kien Trung Nguyen
Kien Trung Nguyen
Prof: Raymond Jackson
FIN 500
30 October 2013
Assignment chapter 8
Technical Question:
Question 1:
M: profit-Maximizing Point
Q*: Profit-Maximizing output
P*: Profit-Maximizing price
Question 3:
a. The monopolists profi