Emily White
BC 807 PA
Dr. Kal
November 24, 2015
Homework 9 Chapter 10
Question 1
a. There are several arguments as to why the markets are not competitive.
1. Difference in size a grocery store is typically bigger than a gasoline station
therefore a grocer
Chapter 6
Q1:
Y^ t=8.25+0.125 t2.75 D 1 t+ 0.25 D 2 t+3.50 D 3 t
Since the first quarter of 2002 t =0, the second quarter of 2002 t=1, then the first
quarter of 2010 t=32.
Forecast furniture-Marts sales of patio and lawn furniture for each quarter in 2010
Chapter 4
Q1:
(a)
When the price of hamburger increases, the demand of hotdog will increase.
The demand curve of hotdog will shift up.
(b)
It will make the demand curve of hotdog shift down. The demand of hotdog will
decrease.
(c )
With the new machine, t
Lin Zhang
BC 807
Chapter 3
Y=-0.14+0.24X1-0.27X2
Q1:
The coefficient of X1 is 0.24. It means if X1 increases by 1 thousand $,
a.
Y will increase by 0.24 unit.
The coefficient of X2 is -0.27. It means if X2 increases by 1 thousand $,
Y will decrease by 0.2
Chapter8
Q1:
a. AVC=a+bQ+cQ2
AVC=30.4202-0.0799Q+0.000088Q2
The short-run average variable cost curve should be a U-shape. It requires that a
and c should be larger than 0 and b should be smaller than 0.
a=30.4202>0, b=-0.0799<0, and c is 0.000088 which i
Q1. Anais Franc, the manager of Emporia Bread and Cookie Inc. wants to decide which of two
investment projects she should choose if the discount rate of the firm is 10 percent. The first project
promises profit of $100,000 in each of the next four years,
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.996774483
R Square 0.993559371
Adjusted R0.992639281
Standard E0.021396815
Observatio
9
ANOVA
df
Regression
Residual
Total
Intercept
t
SS
MS
F
Significance F
1 0.4943810475 0.494381 1079.9 6.26E-009
7 0.00
Q1. Cole Drug Manufacturing Inc. estimated the following regression model, using 35 years data from its
head office located in Lebo for its anti-acid and hear burn relief medicine.
Y = -1.04 + 0.24X1 0.27X2
Where Y = yearly sales (in thousands of cases) o
Q1. Explain carefully what happens in the market for hotdog if: (these are not multiple choice questions)
(a) the price of hamburger increases,
(b) a virus develops that contaminate a large proportion of hotdog production in the nation,
(c) a new machine
HW #10-Chapter 11
Q1:
The equilibrium price (Pe) is $1.35.
In fact, the proposal means a price ceiling of $0.50(P0) is set. The price ceiling will
cause a shortage of ATM. According to Figure 1, the shortage is between point A and
B. For long-run, there w
Q1. Given the following total revenue function: TR = 9Q Q 2
(a) Derive total-, average-, and marginal-revenue schedules from Q = 0 to Q = 6 by 1 unit increment.
(b) On the same set of axes, plot the total-, average-, and marginal-revenue schedules of part
ECO 3320-004 Fall 2014
Lanlan Chu
Quiz 2
The demand for good X is given by Qdx = 6,000 1/2Px Py + 9Pz + 1/10M. Research shows that
the prices of related goods are given by Py = $6,500 and Pz = $100, while the average income of
individuals consuming this p
Question
The demand curve for a product is given by Qdx= 1,000 -2Px + .
02Pz where Pz = $400.
a. What is the own price elasticity of demand when Px = $154? Is
demand elastic or inelastic at this price? What would happen to the
firms revenue if it decided
CHAPTER 4
Supply and Demand
POP QUIZ
1. An increase in demand:
a. causes the demand curve to shift to the left.
b. means consumers are willing and able to buy more at any price.
c. creates a surplus at the original price.
d. could be caused by an increase
EMPORIA STATE UNIVERSITY - SCHOOL OF BUSINESS
BC807 SUM 2016 HOMEWORK—l
Covers Chapter 1 and 2
Deadline May-22(Sunday) 6:00PM
All homework must be neatly typed including diagrams. If diagrams are hand drawn
within the texts of your typed word document the
EMPORIA STATE UNIVERSITY - SCHOOL OF BUSINESS
BC807 SUM 2016 HOMEWORK—Z
Covers Chapter 3 and 4
Deadline May-29(Sunday) 6:00FM
All homework must be neatly typed including diagrams. If diagrams are hand drawn
within the texts of your typed word document the
EMPORIA STATE UNIVERSITY - SCHOOL OF BUSINESS
BC807 SUM 2016 HOMEWORK-3
Covers Chapter 5 and 6
. Deadline June 4(Saturday) 6:00PM
All homework must be neatly typed including diagrams. If diagrams are hand drawn
within the texts of your typed word document
Summer 2016 BC807ZA
MIDTERM EXAM JUNE-5(Sun) 3:00-6:00PM
Total Points = 50. Chapter 2, 3, 4, 5 and 6
Print Last Name First Name
nga315+5 points) During a year of operation, a ﬁrm collects $1,200,000 in revenue and spends $230,000
on raw materials, $535,00
6/4/2016 StudyBlue Flashcard Printing of ECON 528- Test One
If an economic time series is growing by a
constant dollar amount each period, the most
accurate forecast models IS
This is a long-run pattern of
increase or decrease in a
series of economic data
CHAPTER 7PRODUCTION ANALYSIS AND COMPENSATION POLICY
MULTIPLE CHOICE
1. The production function Q = 0.25X0.5Y exhibits:
a. constant returns to scale.
b. increasing returns to scale.
c. increasing and then diminishing returns to scale.
d. diminishing retur
CHAPTER 6COST ANALYSIS AND ESTIMATION
MULTIPLE CHOICE
1. The foregone value associated with the current rather than next-best use of a given asset is called:
a. current cost.
b. replacement cost.
c. historical cost.
d. opportunity cost.
ANS: D
2. Sunk cos
Managerial Economics Final Exam
Question 1:
(a)
AVC = 1.24 + 0.0033Q + 0.0000029Q2 0.000046QZ 0.026Z + 0.00018Z2
The long run average cost function = Average variable cost x quantity
Thus,
(1.24 + 0.0033Q + 0.0000029Q2 0.000046QZ - 0.026Z + 0.00018Z2) x Q