ECOR 3800 Midterm: Exam-ECOR3800-2003December
31 Jan 2019
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Authorized memoranda (1) closed book. (2) crib sheet and program able calculators are not allowed. (3) answer a total of ~questions. Students must count the number of pages in this examination question paper before beginning to write, and report any discrepancy to a proctor. In addition to this question paper, students require: an examination booklet yesrs/ noo. / a scantron sheet yeso norg. 1(3) the demand function for a product is q=cpz where c is a constant and z = -0. 95. The sales are 2000 units/day at a price of $ 100/unit. The company wants to raise the price to /unit. The cost per unit is 75% of the price charged. (i) (ii) 1 (b) a new model of a machine can be bought now for million and it"s estimated resale value after 5 years of use is . 00 million. The estimated operation and maintenance (o&m) costs for this model amount to sh. 01 million/year (end of year payments).
