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Managerial Economics and Globalization
1. Using Excel or other calculation software, input the data you collected in criterion one to calculate an estimated regression. Then, from the calculation provided, interpret the coefficient of determination, indicating how it will influence your decision to open the pizza business. Explain any additional variables that may improve the coefficient of determination.
2. Test the statistical significance of the variables and the regression equation, indicating how it will impact your decision to open the pizza business.
3. Test the statistical significance of the variables and the regression equation, indicating how it will impact your decision to open the pizza business.
4. Forecast the demand for pizza in your community for the next four months using the regression equation, including the assumptions that were used to create the demand. Justify the assumptions made related to the forecast.
During the last ten-years, sales revenue has increased from 25 million to 65 million. Estimate the company's growth rate in sales using the constant growth model with annual compounding.
Imagine how managerial decisions may be easier or more difficult if there were no antitrust restrictions in the U.S. Provide an example to support your response.
Wyandotte Chemical Corporation sells many chemicals to automobile industry. Wyandotte currently sells 30,000 gallons of polyol per year at an average price of $15 per gallon.
What were the differences between German Jewish immigrants and Sephardic Jewish immigrants?
Calculate the price elasticity of demand for Newton's Donuts and describe what it means. Describe your answer and show your calculations. Derive an expression for the inverse demand curve for Newton's Donuts. Describe your answer and show your calcul..
1.Why is it difficult to test the assumption that firms seek to maximize long run profits?
A European consortium has spent a considerable value of time and money making a new supersonic aircraft. The aircraft gets high marks on all performance measures except noise.
Why might anti-gouging laws not increase social welfare, or at least why might they lead to consequences which are unintended by the government?
1.Why might it be argued that a redistribution of consumption, while not involving a Pareto improvement, could still be desirable?
Explain and apply the core principles of at least two ethical theories to draw specific moral conclusions about the question you are discussing.
What is the marginal rate of substitution for consumer B at the initial allocation? What is the marginal rate of substitution for consumer A at the initial allocation?
What is the profit maximizing price, output, and total profit and what would be the revenue maximizing price, output and revenue?
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