The following data table relates to the supply schedule of a product.12Quantity Supplied(Units Per Week)Price ($ Per Unit)1001020015250еВook203002535030500Over which of the following price ranges is the price-elasticity of supply less than 1?Multiple Choice$5 to $10$25 to $30It is less than one over all price ranges.$20 to $25

Over the price range $25 to $30. The change in quantity = 350-500350+500…

Answered: The following data table relates to the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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TABLE:3 Period Demand forecast Weights Weighted Moving average Exponential Smoothing forecast X2 xy 1 1600 2 2200 3 2000 4 1600 5 2500 6 3500 7 3300 8 3200 9 3900 10 4700 11 4300 12 4400 13 a. Calculate the forecast for the data using a four-year moving average. b. Use the data to calculate the forecast for period 5 using a four-period weighted average moving average. The weights of .4, .3,.2, and .1 are assigned to the most recent, second most recent, third most recent and the fourth most recent respectively. c. Based on the data,…
focus on the c part of the question. The demand for a product of a company in each of the last twelve months is shown in the table below; Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Demand 37 40 41 37 45 50 43 47 56 52 55 54 - Use the table to compute the following forecast demand for the company; a. Four months simple moving average b. Four months weighted moving average using the weight of 40%, 30% and 20% and 10%respectively. c. Prepare exponential smoothing forecast using smoothing constants of 0.3 and 0.5 present the final answer in a table form and writed down all calculations clearly
The supply and demand curves for a product are given in the figure below. p($/unit) Supply 20 16 12 8 4. Demand q (quantity) 160 320 480 640 800 Estimate the equilibrium price and quantity and the consumer and producer surplus. Equilibrium price = units Equilibrium quantity = $ i at equilibrium. Consumer surplus = $ i at equilibrium. Producer surplus = %24
Describe the patterns in quantity sold and own and rival prices during this time period using basic descriptive statistics. Graphs are welcome as well. Take the logs of the variables, and estimate the demand function. Interpret the R-square. Interpret the coefficients for logP and logPsub Interpret the p-values associated with each independent variable Are consumers price sensitive? Why or why not? (be as precise as you can – you have estimates!). Does this price sensitivity make sense given the good we are examining? How sensitive are our consumers to changes in the rival good’s price? Explain in detail. Suppose we decide to charge a per ounce price of $2, while at the same time our rival charges a price of $2.15. All else equal, what would you expect sales to be? How confident are you in your forecast? Suppose we are charging a price of $2 and our current marginal cost is $1.50 Are we maximizing profits at this price? If not, should we raise or lower price? Why?
The table below contains some revenue and cost data for the Rising Moon T-shirt Company (quantities for packets of a dozen shirts), which is in long-term equilibrium.a. Complete the blanks in the following table. Round your answers in the "AC" column to 2 decimal places. Quantity Price TR MR TC MC AC 0 / $/ / $121 / / 1 63 153 2 122 182 3 177 213 4 228 246 5 275 281 6 318 318 7 357 357 8 392 398 b. What is the profit-maximizing price and output for Rising Moon? Price: $ Output: c. At the profit-maximizing output, what are MC and MR? MC: $ MR: $ d. At the profit-maximizing output, what are AC and AR? Round your AC answer to 2 decimal places. AC: $ AR: $ e. Given your answers above, what type of market must Rising Moon be operating in? Rising Moon must be operating in a

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The following data table relates to the supply schedule of a product. Quantity Supplied (Units Per Week) Price ($ Per Unit) 100 10 200 15 250 20 300 25 350 30 500 Over which of the following price ranges is the price-elasticity of supply less than 1?