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- answer with detailed explanation for 3 & 4Please answer correct explain 14 and 15 plz both are Don't answer by pen paper plzThe manager of a sole distributorship for a famous brand of automobiles was discussingwith the assistant manager the planned introduction by mid-year of a new model, theXP-60. It was decided earlier that the price be set at P400,000, at which level the totalnumber of units sold was estimated at 500 units annually. The assistant manager hassuggested that the price should be set at a somewhat lower level, say, at P360,000 inorder to attract a major segment of the non-targeted market. At this lower price, 1,000units are expected to be sold.1. Formulate the firm’s linear demand equation for the product given the estimates andprojections made.2. What is the (point) price elasticity of demand at price P400,000? At P360,000?3. What is the midpoint arc price elasticity of demand between these two prices?Interpret the result.4. Determine the total revenue (TR) function and the marginal revenue (MR) function.5. Calculate marginal revenue at the originally proposed price and at therecommended…
- Answer is 6,441,340 but don't know how ? Please show stepsQ15-L) What is the answer of second first(9.4) is true, thats my last attemp please be careful thanks Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.the amount of cereal consumed by a member in a hotel varies directly as their number if 900k of cereal are needed in a month by 50 members. how many members will be need 2610kg of cereal
- DEPENDENT VARIABLE Qc R- SQUARE P- VALUE ON F 64 0.8093 0.0001 INDEPENDENTVARIABLE PARAMETER ESTIMATE STANDARD ERROR T-RATIO P-VALUE INTERCEPT 8.20 4.01 2.04 0.0461 PC -3.54 1.64 -2.16 0.0357 M 0.64287 0.19 3.38 0.0014 PA 0.7854 0.38 2.07 0.0439 7. If the price of asphalt (PR) decreases by 15, what will happen to the estimated quantity of cement demanded? Q = f( P, M, PR) where Qc = demand for cement/month (in yards) Pc = the price of cement per yard, M = country’s tax revenues per capita, and PR = the price of asphalt per yard.Q4 A business manager determines that t months after production begins on a new product, the number of units produced will be P thousand,where P(t) =6?2 + 5? /(? + 1)2 production in the long run (i) A ruptured pipe in a North Sea oil rig produces a circular oil slick that is y meters thick at a distance x meters from the rupture.Turbulence makes it difficult to directly measure the thickness of the slick at the source (where x = 0),but for x > 0,it is found that y =0.5(x2 + 3x)/ x3 + x2 + 4x Required:a)Assuming the oil slick is continuously distributed,how thick would you expect it to be at the source?A university is trying to determine how much it should charge for tickets to basketball games to help offset the expenses of the new arena. The cost to build the arena including labor, materials. e tc. was $92 million. Each year the maintenance cost is expected to increase by 5% as the building gets older. 1l1e maintenance cost for the first year is $150.000. Utilities arc expected to average about $200.000 per year and labor costs $300,000. The average attendance at basketball games over the year is expected to be J00.000 people (or 100.000 tickets sold to events). Assuming the arena has no other source of income besides regular ticket sales (not including student tickets) for basketball games, what should the university charge so that it can recover at least a 6% cost of borrowing on its investment? ll1c university expects the arena to be used for 40 years and 10 have no appreciable salvage value.
- I need help with this problem and the answer is not 37.40, 26.93, and 86.2.6 What is the z-score that bounds a tail area of 0.04? a 1.91 b 1.86 c 1.80 d 1.7525) Consider the estimated equation from your textbook = 698.9 - 2.28STR, R2 = 0.051, SER = 18.6, Corresponding standard errors of coefficients are as such: SE (698.9) = 10.4 SE (-2.28) = 0.52 The absolute value of t-statistic for the slope is approximately: A. 67.20 B. 1.76 C. -4.38 D. 0.52