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- a. Estimate the demand equation for the product. Month Price Amount January 18 50 February 16 55 March 14 60 April 12 65 May 10 70 June 8 75 b. Estimate the supply equation that the product presents. Month Price Amount January 10 70 February 11 90 March 12 110 April 13 130 May 14 150 June 15 170 c. If that buyer and seller of the above data come together in a market, will it be possible for the breakeven point to be obtained? Use the graphical and mathematical process to find the solutionYi = -1336.049+12.7X1i+8.57X2iSE (175.2725) (0.9123) (5.8019)R2 = 0.89 n=38 DW= 0.37Where Y= Auction Price of antique clocks in dollars.X1= Age of clock in years and X2= Number of bidders* What does underlined bold term mean? ExplainUse the photo attached to answer the following question, 1.Using a numerical example, show how the demonstrate how the break-even analysis (graphical approach) can be used to determine the best of three locations. SHOW WORKING
- Answer questiion 2just answer question4，pleaseA company estimated that the relationship between the unit price and demand per month for a potential new product is approximated by P = $ 100 – $ 0.1D. The company can produce the product by increasing fixed costs $ 17,500 per month, and the estimated variable costs is $ 40 per unit. What is the optimal demand, D*, and based on this demand, should the company produce new product? Why? a) Work out the complete solution by differential calculus, starting with formula for profit or loss per month b) Solve graphically for an approximate answer
- Hello, can you answer questions 2 and 4 here?ᴀꜱꜱᴜᴍᴇ ᴛʜᴀᴛ ᴀ ᴛᴇxᴛɪʟᴇ ᴄᴏᴍᴘᴀɴʏ ɪɴᴄᴜʀꜱ ᴀ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴄᴏꜱᴛ ᴏꜰ $12 ᴘᴇʀ ꜱʜɪʀᴛ, ᴀɴᴅ ɪᴛ ᴘʀᴏᴅᴜᴄᴇᴅ 3045 ᴜɴɪᴛꜱ ᴅᴜʀɪɴɢ ᴛʜᴇ ʟᴀꜱᴛ ᴍᴏɴᴛʜ. ᴛʜᴇ ᴄᴏᴍᴘᴀɴʏ ᴀʟꜱᴏ ᴘᴀʏꜱ ᴀ ʀᴇɴᴛ ᴏꜰ $11066 ᴘᴇʀ ᴍᴏɴᴛʜ. ᴡʜᴀᴛ ɪꜱ ᴛʜᴇ ᴛᴏᴛᴀʟ ᴄᴏꜱᴛ?(10+05)The following data were collected on the height (inches) and weight (pounds) of women swimmers.Height6870646566 Weight132110106115128 d. Suppose the value of co-efficient of determination is estimated to be equals 0.85, what does this value explains?
