Plastic cups are made by forming of raw plastic. The price of plastic is 4.500 UM per kg and the price of plastic cups is 13 OMR per 1000 cups. Plant requires differ ent machine which cost about 50,000 OMR, but the machines has to be imported after paying 25% as customs duty. On a graph paper, draw a freehand graph and represent all important parameters Due to increase in plastic price, the break-even quantity has increased by 10% Find out the new plastic price?

Plastic cups are made by forming of raw plastic. The price of plastic is 4.500 UM per kg and the price of plastic cups is 13 OMR per 1000 cups. Plant requires differ ent machine which cost about 50,000 OMR, but the machines has to be imported after paying 25% as customs duty. On a graph paper, draw a freehand graph and represent all important parameters Due to increase in plastic price, the break-even quantity has increased by 10% Find out the new plastic price?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.2CE: Plot the logarithm of arrivals for each transportation mode against time, all on the same graph....

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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.
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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 Explain the interceptand the coefficients of Pc, M, and PA.
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