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Qx = 1600 - 10Px + 4Py + 1500A + 2(In)
(523) (2.0) (1.7) (500) (1.2)
R squared = 0.68
F = 35.3
Standard error of estimate = 565
Where Qx = quantity demand for iphoneX
Px = price of iphoneX (RM) = 7000
Py = price of related good (RM) = 8000
A = advertising expenditure in million (RM) = 54
(In) = income (RM) = 4000
1) should this company consider discounting its price in order to increase total revenue?
2)if income increase by 10% how would this affect the demand for iPhoneX?
(523) (2.0) (1.7) (500) (1.2)
R squared = 0.68
F = 35.3
Standard error of estimate = 565
Where Qx = quantity demand for iphoneX
Px = price of iphoneX (RM) = 7000
Py = price of related good (RM) = 8000
A = advertising expenditure in million (RM) = 54
(In) = income (RM) = 4000
1) should this company consider discounting its price in order to increase total revenue?
2)if income increase by 10% how would this affect the demand for iPhoneX?
If the international flow of goods has an extended border ban across India, can national income savings become equal to investment? Explain properly within 100 words.
Is real interest rate always lower than nominal interest rate ? Explain properly within 100 words
What happens to the money multiplier and reserve ratio during the financial crisis? Which one increase or decrease explain without 100 words
What will happen to the GDP deflator and CPI of America if the price of steel produced in India and sold to America goes up? Explain properly within 100 words
Which are the reasons why developing economies and developed economies are converging more? Explain
John secured the bank's $2,000 mortgage to buy a car. After the contract was written it turned out that inflation in the economy was lower than expected. Who gained from this development and who lost? Explain
India's central bank has a higher inflation target than America's central bank. Does this tend to appreciate or depreciate the Indian rupee against the American dollar? Explain
Prime minister of india promised a more aggressive fiscal policy with large increase in spending and significant tax cuts leafing to much larger budget deficit. The Indian economy was near the full employment rate ( in India unemployment rate was below 5%), what would India's central bank response in terms of changes to the cash rate? Explain
Production function is Q = x [K + 1/2L]
x > 1 is the productivity factor
r = 10 and w = 5 and s=8
Derive the cost function for any value of x. Also, note that the market is perfectly competitive following a merge. Determine the values of x for which the DOJ will approve this merger
x > 1 is the productivity factor
r = 10 and w = 5 and s=8
Derive the cost function for any value of x. Also, note that the market is perfectly competitive following a merge. Determine the values of x for which the DOJ will approve this merger
