Can you answer my question below in the description
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compare what red stick and white dove have learn from the fact that there are millios of europeans across the…
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Problems
3. (a) Starting with the estimated demand function for Chevrolets given in problem 2, assume that the average value of the independent variables changes to N=225 million, I=$12,000, PF=$10,000, PG=100cents, A=$250,000, and PI=0 (i.e., the incentives are phased out). Find the equation of the new demand curve for Chevrolets. * Revised 3(b): If Pc is $10,000, find the value of Qc.
Function from Problem 2 is:
Qc= 100,000-100Pc+ 2,000N + 50I + 30Pf – 1,000Pg +3A + 40,000Pi
7. The total operating revenue of a public transportation authority are $100 million while its total operating cost are $120 million. The price of a ride is $1, and the price elasticity of demand for public transportation has been estimated to be -.04. By law, the public transportation authority must take steps to eliminate its operating deficit. (a) is asking should the transportation authority increase or decrease the price per ride based upon the price elasticity of demand. (b) Use equation (3-7.) Suggestion: increase the price of a ride to be $1.50.
your situation, I’ll explain it briefly here.
14. Suppose that a firm maximizes its total profits and has a marginal cost (M/C) of production of $8 and the price elasticity of demand for the product sells is (-)3. Find the price at which the firm sells the product. *** Use equation (3-12) and to maximize the profits, MR has to equal MC.
Chapter 5
Discussion
15. Integrating Problem. Starting with the data for Problem 6 and the data on the price of a related commodity for year 1986 to 2005 given below, we estimated the regression for the quantity demanded for a commodity (which we now relabel ÔX), on the price of the commodity (which we now relabel PX), consumer income (which we now lable Y), and the price of the related commodity (PZ), and we obtain the following results. (If you can, run this regression yourself; you should get results identical or very similar to those given below.
Year
|
1986
|
1987
|
1988
|
1989
|
1990
|
Pz ($)
|
14
|
15
|
15
|
16
|
17
|
Year
|
1991
|
1992
|
1993
|
1994
|
1995
|
Pz ($)
|
18
|
17
|
18
|
19
|
20
|
Year
|
1996
|
1997
|
1998
|
1999
|
2000
|
Pz ($)
|
20
|
19
|
21
|
21
|
22
|
Year
|
2001
|
2002
|
2003
|
2004
|
2005
|
Pz ($)
|
23
|
23
|
24
|
25
|
25
|
ÔX = 121.86-9.5PX+0.04Y-2.21PZ
(-5.12) (2.18) (-0.68)
R2=0.9633 F= 167.33 D-W = 2.38
15(b) is to evaluate the above regression results in terms of the signs of the coefficients, the statistical significance of the coefficients and the explanatory power of the regression (R2) The number in parentheses below the estimated slope coefficients refer to the estimated t values. The rule of thumb for testing the significance of the coefficients is if the absolute t value is greater than 2, the coefficient is significant, which means the coefficient is significantly different from zero. For example, the absolute t value for Px is 5.12 which is greater than 2, therefore, the coefficient of Px, (-9.50) is significant. In order words, Px does affect Qx. If the price of the commodity X increases by $1, the quantity demanded (Qx) will decrease by 9.50 units.
15(c) X and Z are complementary or substitutes?
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Hist
/in Uncategorized /by adminYou will have to identify and give the historical significance, in the long and short term, You can answer this section in point form, complete sentences or a combination of both formats.
– Francis Xavier
– Kangxi
-daimyo
-Tokugawa Ieyasu
– Bartolomé de las Casas
-Oda Nobunaga
-Qianlong Emperor
-Akbar
– Olaudah Equiano
-jinshi
-Nurhaci
-Amaterasu
– Matteo Ricci
-Sundiata
-Lord Macartney
-Shah Aurangzeb
-Law of the Indies
-Li Zicheng
-The Columbian Exchange
-Onin War
Answer each question in a mini essay format just including into, points to back up thesis and conclusion doesnt have to be long.
1) Why were the Spanish conquistadors able to complete their conquest of Latin America so quickly?
2) What were the main features of the African slave trade, including the enslavement of children, and how did European participation in that trade affect traditional African practices?
3) Compare and contrast the reaction of Ming-Qing China and Japan to the activities of the Christian missionaries and merchants in those countries. What do their reactions reveal about Chinese and Japanese societies?
4) How and why did a global trade network emerge in the sixteenth and seventeenth centuries?
5) How did the Ming dynasty establish a successful regime in early-modern China? In your answer, you must consider two of the following issues – its political, social, cultural and/or economic policies.
6) What were the strengths of the Tokugawa shogunate and why was it able to meet the challenges it faced at the conclusion of the feudal era in Japan?
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what is the preposition and gerund in this sentence? Leon got the job by calling the office everyday?
/in Uncategorized /by adminA tow truck exerts a force of 3000 N on a car, accelerating it at 2 meters per second per…
/in Uncategorized /by adminApocalyptica Corporation is expected to pay the following dividends over the next four years: $5.10, $16.10, $21.10, and $2.90. Afterwards,…
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What’s the link for a medieval doom painting that has already been labled to show what’s happening in the picture?
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