Find the Slope of an Assumed linear demand curve for the Caesarean section, when 1000 Caesarean sections are performed at Ghs 200.00 per section and 500 at Ghs150.00 per section.
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Find the Slope of an Assumed linear demand curve for the Caesarean section, when 1000 Caesarean sections are performed at Ghs 200.00 per section and 500 at Ghs150.00 per section.
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- In some circumstances, individuals reproduce better when the population size is large, and fail to reproduce when the population size is small (the Allee effect introduced in Exercise 46). Suppose that per capita production is an increasing linear function with λ(0) =−2 and a slope of 0.01. Find λ(b) and the differential equation for b. Is b(t) increasing when b = 100? Is b(t) increasing when b = 300?ATV is a price-setting firm and estimates the demand for its cement using a demand function in the linear form: 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. 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 10. Write the resulting regression equation.With respect to a given product, describe the connection that exists between equalibrium/disequalibrium and prediction. cite an unique example
- Using the fixed-time period inventory model, and given an average daily demand of 287 units , 4 days between inventory reviews, 5 days for lead time, 141 units of inventory on hand, a "z" of 1.96, and a standard deviation of demand over the review and lead time of 2 units, which of the following is the order quantity?If the average rural household income in Nigeria is US$60 then the demand for internetconnectivity, ceteris paribus, at US$43 is more likely to be...Q2 The manufacturer of a low-sugar bottled juice estimated the following demand equation for its product using data from 25 retail stores around Dover city for the month of November: Q=-2000-15 Pje+ 8.4Px + 0.51 + 0.4A (220) (5.0) (5.6) (0.2) (0.16) R²=0.57 n=25 F = 6.83 Assume the following values for the independent variables: Standard error 1 Q denotes quantity sold per month Pje (denotes price of the bottled juice) = 240 (in cents) P. (denotes price of leading competitor's product) - 300 (in cents) I (denotes per capita income of the standard residential district in which the retail store is located) = 4000 (in dollars) A (denotes monthly advertising expenditure) = 7700 (in dollars) Using this information, answer the following questions: a. Compute elasticities for each variable.. b. Do you think that this firm should cut its price to increase its market share?
- Q2 The manufacturer of a low-sugar bottled juice estimated the following demand equation for its product using data from 25 retail stores around Dover city for the month of November: Q=-2000-15 Pje+ 8.4Px + 0.51 + 0.4A (220) (5.0) (5.6) (0.2) (0.16) R²=0.57 n=25 F = 6.83 Assume the following values for the independent variables: Standard error 1 Q denotes quantity sold per month Pje (denotes price of the bottled juice) = 240 (in cents) P. (denotes price of leading competitor's product) - 300 (in cents) I (denotes per capita income of the standard residential district in which the retail store is located) = 4000 (in dollars) A (denotes monthly advertising expenditure) = 7700 (in dollars) Using this information, answer the following questions: a. Compute elasticities for each variable.. b. Do you think that this firm should cut its price to increase its market share? Explain..Examine the following statement and determine the accuracy of the statement. Cars are considered as luxury items. Thus, a decrease in the consumer's income would result in a decrease in the demand for cars. Consumer income will affect the demand for a product. The future expectancy of a product will affect the demand for the product. Future expectancy not only encompasses the future price of a product but also other factors that will affect the demand for product such as advancement in technology and government policy.The demand function for Newton’s Donuts has been estimated as follows:Qx = -14 – 54Px + 45Py + 0.62Ax where Qx represents thousands of donuts; Px is the price per donut; Py is the average price per donut of other brands of donuts; and Ax represents thousands of dollars spent on advertising Newton’s Donuts. The current values of the independent variables are Ax=120, Px=0.95, and Py=0.64.Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary. 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 calculations. If the cost of producing Newton’s Donuts is constant at $0.15 per donut, should they reduce the price and thereafter, sell more donuts (assuming profit maximization is the company’s goal)? Should Newton’s Donuts spend…
- Advertising A small manufacturing firm collected the following data on advertising expenditures A (in thousands of dollars) and total revenue R (in thousands of dollars). (a) Draw a scatter diagram of the data. Comment on the type of relation that may exist between the two variables (b) The quadratic function of best fit to these data is R(A) = - 7.76A2 + 411.88A + 942.72 Use this function to determine the optimal level of advertising. (c) Use the function to predict the total revenue when the optimal level of advertising is spent. (d) Use a graphing utility to verify that the function given in part (b) is the quadratic function of best fit. (e) Use a graphing utility to draw a scatter diagram of the data, and then graph the quadratic function of best fit on the scatter diagram.From a certain place K, 2000 people set off for work in the distant place S in the morning by car. Each of the drivers must decide whether to come to place S via point G or via point D (see the directed graph below). The travel time on segments G-S and K-D is not dependent on the number of drivers: each driver traverses the G-S segment in 60 minutes, and the K-D segment in 45 minutes, regardless of the number of drivers. However, the travel time on segments K-G and D-S depends on the number of drivers: if x drivers travel on the K-G segment, each driver on this segment consumes 0.005x minutes; if x drivers travel on the D-S segment, each driver on this segment consumes 0.01x minutes (see the directed graph below). Assume that all people start simultaneously and do not know the decisions of other people. Find all pure Nash equilibria of the game.A statistician has estimated the following demand function for the demand faced by firm X: Q = 150 – 5.4P +0.8A + 2.8Y – 1.2PZ where Q is the quantity demanded of product X and P is the price of, A is X's advertising expenditure, Y is consumer income per capita, and PZ is the price of firm Z's product. (a) If at price P = 10 demand is Q = 100 (with all other factors fixed), where and by what percentage should firm X change price to increase its revenue by 20%? (b) If advertising expenditure A is increased by 5000, how and by how much will the demand for Q be affected? (c) What is expected to be the ratio of the goods of firms X and Z?