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Plot the appropriate short run and revenue curves ( you may need more than one diagram, and tables) to determine at which price and output levels "Draw Ltd", would achieve:
Available Output, Cost and Revenue Data
Econometric evidence on the level of company productivity suggests that the most efficient short run method to produce Q output of pencils is with full time workers L=0.0202 x Q.
The accountant has found that the cost of a worker in the short run is W=21972.133, the rent of the buildings is 245, whilst other capital costs are 128.
Statistical analysis by the sales/marketing team also finds that the inverse demand curve for the firm is given by: P= 1778.76- 24.705Q,
where Q is the quantity demanded and P is the price of pencils set by the firm. Note for the time period of that analysis all other market conditions were fairly constant.
Problem: a) In what circumstances would you apply switching models? b) Using dummy variables for seasonality show how you would test for January effects in financial data?
What trends do you see in the Economic, Political, and Cultural environment of society that will affect the industry in the future? Answer) The trends that will affect the indus
how to regress
Show which of the following are cross-section data, giving the reasons. (i) Wages of individual workers in the UK chemical industry in 2009. (ii) Annual growth rates of eve
Need to run MGARCH (system) in SAS or other software. Have data.
The inverse demand and supply functions for a product are given as: where P is price, Q is quantity and the subscripts d and show demand and supply, respectiv
(a) Estimate how much more or less workers on average earn when they work for government as opposed to private sector, holding their characteristics constant. Interpret the finding
For a multiple regression with three explanatory variables the value of R 2 is 0.75. Indicate whether every of the following statements is true or false and give brief reasons fo
A firm manufactures and sells a product that has the following demand function: Q = 180 - 4P where P is price, Q is quantity. It also faces the following
Models of time series
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