Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Imagine that you work for the maker of a leading brand of low calorie, frozen microwavable food that estimates the following demand equation for its product using date from 26 supermarkets around the country for the month of April.Option 1Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets.QD = -5200 - 42P + 5.21 .20A + .25M(2.002) (17.5) (6.2) (2.5) (0.09) (0.21)R2 = 0.55 n= 26 f= 4.88Your supervisor has asked you to compute the elasticities for each independent variable, Assume the following values for the independent variables :Q = Quantity demanded of 3 pack unitsP(in cents) = price of the product = 500 cent per 3 pack unitPx ( in cents) = price of the leading competitor's product = 600 cent per 3 pack unitI ( in dollars ) = per capital income of the standard metropolitan statistical area (SMSA) in which the supermarkets are located = $5500A ( in dollars ) = Monthly advertising expenditures = $10,000M = number of microwave ovens sold in the SMSA in which the supermarkets are located = 5,000 Option 2Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets.QD = -2000 - 100P + 15A + 25px + 10I(5234) (2.29) (525) (1.75) (1.5) (0.21)R2 = 0.85 n= 120 f= 35.25Your supervisor has asked you to compute the elasticities for each independent variable, Assume the following values for the independent variables :Q = Quantity demanded of 3 pack unitsP(in cents) = price of the product = 200 cent per 3 pack unitPx ( in cents) = price of the leading competitor's product = 300 cent per 3 pack unitI ( in dollars ) = per capital income of the standard metropolitan statistical area (SMSA) in which the supermarkets are located = $5000A ( in dollars ) = Monthly advertising expenditures = $640Write a four to six (4-6) page paper in which you:1. Compute the elasticities for each independent variable . Note : write down all your calculation2. Determine the implications for each of the computed elasticities for the business in terms of short - term and long term pricing strategies. provide a rational in which you cited your results.3.Recommend whether you believe that this firm should or should not cut its price to increase its market share. provide support for your recommendation4. Assume that all the factors affecting demand in this model remain the same, but that the price has changed. further assume that the price changes are 100, 200, 300, 400, 500, 600 dollars1. plot the demand curve for the firm2. plot the correspondent supply curve on the same graph using the supply function Q =5200 + 45P with the same price3. determine the equilibrium price and quantity4. Outline the significant factors that could cause changes in supply and demand for the product, Determine the primary manner in which both the short term and the long term changes in market condition could impact the demand for, and the supply, of the product 5. Indicate the crucial factors that could cause rightward shifts and leftward shifts of the demand and supply curves6. Use at least three (3) quality academic resources in this assignment.
if customers also purchased French fries and a soft drink, Wall Street Journal reported that company was hoping novel promotion would revive its US sales growth. illustrate what do you think disrupted McDonald's plans.
Compute the optimal pricing scheme of the iphone, Assume which there are equal numbers of every customer type.
Explain how does the price elasticity of demand for corn oil influence the quantity-demanded of corn oil and the Total Revenue earned by sellers of corn oil.
Increasing the earnings of minimum wage employees is desirable, and raising the minimum wage is the best way to accomplish this. Everyone should enjoy open access to health care. Health care subsidies will increase the consumption of health care.
Elicidate the Consumption and Government Spending equal to what. Would you expect to find out a few relatively large firms or many relatively small company.
Oligopolies are always bad for society. The beer industry has a few large firms and many small firms; therefore we would not call it an oligopoly.
If each economy specialized in its comparative advantage, what range of prices would bacon trade at in terms of eggs.
If a central bank reduced inflation by 2 percent age points also to made output fall by 3 percent age points for 2 years
Elucidate briefly in what way the HOV, or factor content theorem, extends the standard HO model.
Which of the following possibilities is consistent with the property of diminishing marginal product.
Why anyone would pay a positive price for a CBOT or NYSE seat and what this price represents. Second, explain why the seat values have changed so much in recent months.
Which of the subsiquent arguments is the president using to justify the trade restriction on ball bearings
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd