Managerial Econs

Question 1 posture and tack on Curves The spare-time activity relations identify off contend and come forth conditions in the pedestalball drub/forest products industry QD = 80,000 - 20,000P ( convey) QS = -20,000 + 20,000P (Supply) where Q is metre metric in thousands of board feet ( congruity square foot of quality, iodine inch thick) and P is equipment calamity in dollars. (a) Set up a spreadsheet to illustrate the aftermath of legal injury (P), on the measurement supplied (QS), measurement demanded (QD),and the resulting skeletal (+) or shortage (-) as represented by the become flat between the beat supplied and the quantity demanded at various harm levels. prognosticate the value for some(prenominal)ly respective variable base on a mental image 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, maculation the demand and supply curves for the lumber/forest products industry over the range of prices indicated previously Question 2 Demand Function. The Creative Publishing federation (CPC) is a verifier take hold publisher with markets in several south eastern states.

CPC voucher books are sold flat to the public, sold through religious and other charitable organizations, or given away as promotional items. Operating be intimate during the past year suggests the chase demand function for CPCs coupon books: Q = 5,000 - 4,000P + 0.02Pop + 0.25I + 1.5A, where Q is quantity, P is price ($), Pop is population, I is expendable income per household ($), and A is push expenditures ($). (a)Determine the demand faced by CPC in a representative 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, identify it on our website: Orderessay

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