Consider the following estimated model Ipassen 8.26-0.6131fare +0.142 ldist, (0.078) (0.040) R²0.0549 n=1149 Standard errors appear in parentheses. In this equation passen is the logarithm of the average daily number of passengers that fly a given route, Ifare is the logarithm of the fare for that route, and Idist is the logarithm of the distance (in miles) of the route. Test, at the 5 percent significance level, the overall significance of the regression. For the toolbar pres ALT-F10 (PC) or ALT INFOM BIVS Paragraph Open Sans 10p 2- I X. re 1.

Consider the following estimated model Ipassen 8.26-0.6131fare +0.142 ldist, (0.078) (0.040) R²0.0549 n=1149 Standard errors appear in parentheses. In this equation passen is the logarithm of the average daily number of passengers that fly a given route, Ifare is the logarithm of the fare for that route, and Idist is the logarithm of the distance (in miles) of the route. Test, at the 5 percent significance level, the overall significance of the regression. For the toolbar pres ALT-F10 (PC) or ALT INFOM BIVS Paragraph Open Sans 10p 2- I X. re 1.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Elya's construction company is charged 150 pesos per ton for hauling its raw materials by ABC trucking company. Forty tons per day are hauled for 300 days a year. They desired to install a railway system to reduce the cost of trucking of the raw materials to 6.6 pesos per ton. Maintenance costs of this are 12000 per month. Tax is 1%. The average rate of earning is 20% if the company has the cash necessary for the installation, would you recommend the change? if the company has to float 5,000,000 pesos worth of non-callable bonds at 15% that will mature in 10 years to have the capital for the project, would you recommend that change?
III. PROBLEM SOLVING: Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 12 10 6. What is the Supply Function? 7. What is the Equilibrium Point? Q 4 6 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell? 5. What is the Demand Function?. ANSWER 567
III. PROBLEM SOLVING: Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 12 10 6. What is the Supply Function? 7. What is the Equilibrium Point? Q 4 6 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell? 5. What is the Demand Function?.
(Production function) A technological breakthrough raises a country’s A ̄ by 10%, but capital and labor are all unchanged. Assuming the country’s production function is given by Y = A ̄K1/2L1/2.(a) Figure out what impact this breakthrough will have on the MPK and MPL in that country. (b) Draw a picture Y of against K holding L fixed. 1 (c) Redraw the picture with A ̄ increased to 1.1A ̄ but L fixed at same level as before. (Production function) For the production function Y = K1/3L2/3 (a) find the function for output per capita (b) What is the growth rate of per capita for this function in terms of the growth rate of K, gK, and the growth rate of L, n.
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Question 2 pls give the right answer with right numbers, many people get it wrong Full explain this morning and text typing work only thanks
1 a) b) c)
3. C = 180 +o, 5ya I =400 100 or = 200 =300 M= 200 +OjZ g M d/p =24- 800r Ms lp= 760 relation Derive Ls
III. PROBLEM SOLVING: Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 6. What is the Supply Function? 7. What is the Equilibrium Point? IV: GRAPHING: 12 10 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell? 5. What is the Demand Function?. Q 4 6 Using the data above, graph properly and with proper labels…
III. PROBLEM SOLVING: Lino Batumbakal is now exploring the option to start selling beef wellington. He is trying to find out how many must he sell in order to start earning money. From an initial feasibility study, he will incur a total of 200,000 pesos for equipments and other fixed expenses. He is planning to sell the wellington at 500 pesos for each incurring direct expenses of 150,000 pesos in the production. According to Lino Bataumbakal's feasibility study, should he start selling the beef wellington, he will have the following data: Price 500 2,100 12 10 6. What is the Supply Function? 7. What is the Equilibrium Point? Q 4 6 1. What will be the TOTAL COST EQUATION? 2. How many units must he sell in order to break even? 3. How much should be her revenue to earn a profit worth 100,000 pesos? 4. If Lino would like a Net Profit of 300,000 pesos, how many units should he sell? 5. What is the Demand Function?. ANSWER 567
2. Exercise 8.2 Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $12 million. Bowen owes his local bank $9 million. Last year Bowen sold $11 million worth of cotton. His variable operating costs were $9 million; accounting depreciation was $40,000, although the actual decline in value of Bowen's machinery was $60,000 last year. Bowen paid himself a salary of $50,000, which is not considered part of his variable operating costs. Interest on his bank loan was $400,000. If Bowen worked for another farmer or a local manufacturer, his annual income would be about $30,000. Bowen can invest any funds that would be derived if the farm were sold to earn 10% annually. (Ignore taxes.) What is Bowen's accounting profit? O $1,560,000 O $1,550,000 O $1,220,000.00 O $1,210,000.00 What is Bowen's economic profit? O $1,550,000 O $1,210,000.00 O $1,560,000 O $1,220,000.00
Prepare 3 interview questions about this economic topic that you plan to ask your guest. Your questions should be thoughtfully prepared and reflect your depth of knowledge about the topic and the concepts we have learned in this course. (2 sentences for each question)