ECON 1000 Lecture Notes - Lecture 1: National Order Of Quebec, Young Mania Rating Scale, Radio National

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yellowyak612

14 Oct 2015

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5 exy=( qx/ py) (py/qx) exy y x qx x py y . Q=(minimum)(l u k v) q l k u v . 4tpl apl mpl mpl tpl apl tpl . 2 k l k k . 2 ltc stc stc . 4lmc lac lmc lac lmc u lac lmc lac lmc. Lac lac lmc lac lmc lac . 5 ar mr ar mr ar . 6 mr tr mr 0 mr 0 mr . Dd dd b p b dd db . Dd bd dbd b b . A b a b a b a b . X y a b . L k c d . Mrsa. Mrtxy= y/ x =mcx/mcy mcx/mcy=px/py mrsa. D ,s;p ,q ; d ,s;p ,q ; d,s ;p ,q ; d,s ;p ,q . 1 (1 2) . = + tc = tfc + tvc (4) .

Related Questions

Below is data on the weekly quantity demanded of pizza in a small town in South Georgia, prices, and average household incomes. Use the data to perform a linear regression analysis of price and income on quantity demanded. (20 points) a) How well does the regression fit the data?

b) What is the income elasticity of demand for pizza when the income (M) is $40 (thousand) and the price (P) is $30?

	Quantity (Q)	Price (P)	Income (Y) in thousands
1	183	29.25	30.72
2	207	30.1	37.57
3	183	30.54	29.43
4	192	28.67	37.2
5	182	30.23	35.87
6	217	29.76	35.16
7	180	31.77	27.7
8	195	31.01	32.96
9	200	29.21	32.3
10	198	30.79	36.1
11	195	29.75	32.68
12	205	29.98	37.49
13	182	30.06	31.32
14	218	28.94	38.67
15	231	29.76	34.82
16	212	27.94	42.27
17	222	30.75	40.03
18	150	28.96	30.02
19	183	30.96	34.3
20	158	29.03	29.89
21	199	30.83	35.27
22	196	30.6	33.55
23	234	29.98	40.03
24	171	29.27	29.91
25	171	31.42	33.69
26	170	29.24	31.51
27	210	27.61	30.6
28	184	30.64	34.36
29	223	29.97	37.59
30	177	31.87	31.78
31	168	30.06	27.47
32	192	28.83	40.64
33	201	30.91	36.2
34	207	29.84	38.05
35	241	29.94	39.55
36	216	30.67	35.38
37	193	31.03	40.42
38	187	28.45	37.29
39	194	30.02	29.68
40	212	30.85	40.61
41	141	30.46	28.23
42	217	28.85	36.87
43	194	29.34	36.59
44	182	30.1	29.56
45	225	28.88	36.26
46	214	30.2	34.29
47	198	28.56	41.7
48	183	29.51	30.92
49	206	29.86	31.22
50	198	30.83	32.39

silverelephant47

Suitstore often has a deal in which men can buy one suit and get two free. The information below contains the valuations of 50 representative customers for one, two, or three suits. Suppose it costs Suitstore $150 to ready a suit for sale. What strategy maximizes Suitstore's profit: charging a single price for each suit, charging a single price for two suits, or charging a single price for three suits? (Please use excel and show work)

Customer	1 suit	2 suits	3 suits
1	153	298.35	443.7
2	297	522.72	748.44
3	299	565.11	831.22
4	295	501.5	708
5	265	490.25	715.5
6	114	208.62	303.24
7	148	288.6	429.2
8	115	204.7	294.4
9	278	514.3	750.6
10	223	394.71	566.42
11	248	468.72	689.44
12	150	255	360
13	248	429.04	610.08
14	215	371.95	528.9
15	216	390.96	565.92
16	262	495.18	728.36
17	274	501.42	728.84
18	182	338.52	495.04
19	300	540	780
20	217	429.66	642.32
21	249	423.3	597.6
22	261	472.41	683.82
23	300	555	810
24	212	371	530
25	248	434	620
26	223	419.24	615.48
27	211	411.45	611.9
28	107	203.3	299.6
29	114	208.62	303.24
30	137	264.41	391.82
31	259	461.02	663.04
32	143	277.42	411.84
33	120	224.4	328.8
34	237	459.78	682.56
35	113	226	339
36	184	320.16	456.32
37	159	284.61	410.22
38	186	318.06	450.12
39	257	511.43	765.86
40	145	252.3	359.6
41	223	443.77	664.54
42	207	387.09	567.18
43	199	346.26	493.52
44	188	329	470
45	144	249.12	354.24
46	235	413.6	592.2
47	218	383.68	549.36
48	120	234	348
49	197	392.03	587.06
50	205	387.45	569.9

bluecod895

	A	B	C	D	E
1
2
3	Date	Price of gas
4	Jan 07, 2008	325.3
5	Jan 14, 2008	323.9
6	Jan 21, 2008	320.1
7	Jan 28, 2008	316.3
8	Feb 04, 2008	313.5
9	Feb 11, 2008	310.7
10	Feb 18, 2008	315.4
11	Feb 25, 2008	324.6
12	Mar 03, 2008	325.2
13	Mar 10, 2008	326.3
14	Mar 17, 2008	333.7
15	Mar 24, 2008	332.1
16	Mar 31, 2008	334.8
17	Apr 07, 2008	336.6
18	Apr 14, 2008	341.6
19	Apr 21, 2008	355
20	Apr 28, 2008	366.9
21	May 05, 2008	367.7
22	May 12, 2008	376.4
23	May 19, 2008	384.9
24	May 26, 2008	397.5
25	Jun 02, 2008	402.6
26	Jun 09, 2008	407
27	Jun 16, 2008	411.8
28	Jun 23, 2008	411
29	Jun 30, 2008	411.3
30	Jul 07, 2008	412.3
31	Jul 14, 2008	411.7
32	Jul 21, 2008	408.4
33	Jul 28, 2008	400.2
34	Aug 04, 2008	393.9
35	Aug 11, 2008	386.6
36	Aug 18, 2008	376.4
37	Aug 25, 2008	371.5
38	Sep 01, 2008	369.8
39	Sep 08, 2008	367.1
40	Sep 15, 2008	373
41	Sep 22, 2008	368
42	Sep 29, 2008	362.7
43	Oct 06, 2008	351.7
44	Oct 13, 2008	323.9
45	Oct 20, 2008	305
46	Oct 27, 2008	286.1
47	Nov 03, 2008	265.4
48	Nov 10, 2008	247.7
49	Nov 17, 2008	229.4
50	Nov 24, 2008	212.8
51	Dec 01, 2008	203
52	Dec 08, 2008	191.8
53	Dec 15, 2008	181
54	Dec 22, 2008	178.1
55	Dec 29, 2008	174.1

QUESTION 13

Label the next column (D) "6-month change." Here we will calculate how much prices have changed since the price six months ago. For example, if the price on January 1 were 224.1 and the price on July 1 is 324.1, the price change is 100. We can't calculate how much prices have changed over the past six months for the first half of 2008 because we don't know the price six months before. So, in column D, put an x in each cell for which we can't calculate the 6-month change. Starting in July, we can calculate the 6-month change. Using cell references, enter here the formula you should enter into cell D30 to calculate the 6-month change.

2 points

QUESTION 14

Copy and paste the formula from cell D30 (from the last question) into cells D31 to D55. What formula is now in cell D48?

2 points

QUESTION 15

What value is now in cell D50?

1 point

QUESTION 16

Label the next column (E) "% of Jan." In this column, we will divide every week's price by the price from January 7th. This will tell us as a percent how prices compare to their level at the start of the year. This time, we want an "absolute" reference so that it doesn't consider the position (i.e. "8 to the left and 2 down") but just locks in on B4 every time. To set up an absolute reference in a formula, we put the $ character into the reference, so instead of B4, we use $B$4. With the dollar signs in place, you can copy the formula and paste it, and in each case, it will go back to B4 regardless of where you are when you paste it. What formula should you type into cell E5 to get the "% of Jan" for January 14, 2008? Remember to use the absolute reference so it will be easy to copy later!

2 points

QUESTION 17

Copy and paste the formula from cell E5 into the rest of column E. (Well, at least from E6 down to E55.) What formula is now in cell E17?

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ECON 1000 Lecture Notes - Lecture 1: National Order Of Quebec, Young Mania Rating Scale, Radio National

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