Other Economics Answers

The following data refers to the price of a good ‘P’ and the quantity of the good supplied,

‘S’.

P 2 7 5 1 4 8 2 8

S 15 41 32 9 28 43 17 40

a. Estimate the linear regression line (S)   P

b. Estimate the standard errors of ˆ and ˆ

c. Test the hypothesis that price influences supply

d. Obtain a 95% confidence interval for 

A cafeteria which offers pastries to its customers sells them at P 60 per dozen. In producing pastries, it incurs a semi-annual fixed cost of P 2,400 and an average variable cost of P 3 per piece. (1) How many pastries should the cafeteria produce to earn profits? (2) If a customer orders two hundred dozens of pastries in a year at 10% discount on its price per piece, should the owner accept the order? Why?

A four-storey industrial building has a depreciated value of P890,000 at the start of 18th year and has a salvage value P50,000. What is the total depreciation during the 8th year? Use double declining balance method.

Which of the following is an example of a presidential check on the judicial branch?

Simple keynesian model without a government or foreign sector

suppose that there is a boom on the johannesburg stock exchange - share prices rise. Make use of anAd-As modelto illustrate explain the effect of this boom on the equilibrium price level and level of income

1. Distinguish between the total utility and the marginal utility.

2. Explain the law of diminishing utility

3. What is meant by the consumer’s

equilibrium? What is the condition of the

consumer’s equilibrium under cardinal utility approach?

The demand curve is QD=500-1/2P

Calculate the (point) price elasticity of demand when price is Php100.

List the different types of contractionary monetary policies and discuss the effects that lead to change in money supply when each of those actions are taken (6)

1. Given the demand function Q=15-3P, what is the quantity demanded if the price of the good is PHP 10.00

2. Given that

P↓0=2, P↓1=3

Q↓0=15, Q↓1=30

Solve the price elasticity of demand coefficien. What type of elasticity is it?