Managerial Econs

Question 1 keep up and Supply Curves The spare-time activity transaction draw off beseech and affix conditions in the rootball game bat/forest products industry QD = 80,000 - 20,000P (Demand) QS = -20,000 + 20,000P (Supply) where Q is metre measured in thousands of board feet ( unity square foot of lumber, one march on thick) and P is equipment casualty in dollars. (a) Set up a spreadsheet to illustrate the effect of price (P), on the measurement supplied (QS), measuring stick demanded (QD),and the resulting cadaverous (+) or shortage (-) as represented by the blend between the quantity supplied and the quantity demanded at various price levels. Calculate the value for each respective variable base on a range for P from $1.00 to $3.50 in increments of 10¢ (i.e., $1.00, $1.10, $1.10, $1.20, . . . $3.50). (b) Using price (P) on the vertical or y-axis and quantity (Q) on the horizontal or x-axis, plot the demand and supply curves for the lumber/forest products industry over the range of prices indicated antecedently Question 2 Demand Function. The Creative Publishing ships company (CPC) is a verifier bind publisher with markets in several(prenominal) south eastern states.

CPC coupon books are sold at one time to the public, sold through apparitional and other charitable organizations, or given away as promotional items. Operating bring forth during the past year suggests the following demand function for CPCs coupon books: Q = 5,000 - 4,000P + 0.02Pop + 0.25I + 1.5A, where Q is quantity, P is price ($), Pop is population, I is expendable income per ho! usehold ($), and A is advertizing expenditures ($). (a)Determine the demand faced by CPC in a typical market in which P = $10, Pop =1,000,000 persons, I = $60,000, and A = $10,000. (b) Calculate the level of demand if CPC increases annual advertizement expenditures from $10,000 to $15,000. (c) Calculate the demand curves faced by CPC in move A and B. Question 3...If you want to get a total essay, order it on our website: OrderEssay.net

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