Economics Answers

Hi there, I am currently doing a Microeconomics homework question (few actually) and its asking me to calculate the demand of two goods give the utility function of them. The utility function is U(x1,x2)=x1(x2^2), and the price of good x1 is $3,and price of good x2 is $1. Income is $90. Please help me out in the most simple way possible. Thank you so much!

how to calculate elasticity coefficient

How frequently should the budget review occur? Under what conditions is this different and when will the review occur in that case?

Describe how balances are transferred into and out of the budgeted statement of cash flows to explain the statement and how the closing cash is calculated.

List several criteria management might use to complete the project selection process

How can the sales forecast spreadsheet be used to show which period profit milestones occur?

given the following information complete the table. use the mid point formula to calculate elasticity .

price quantity demand ED characteristics TR

11 10
10 20
9 30
8 40
7 50
6 60
5 70
4 80

Eberhart Manufacturing has projected sales of $145 million next year. Costs are expected to be $81 million and net investment is expected to be $15 million. Each of these values is expected to grow at 14 percent the following year, with the growth rate declining by 2 percent per year until the growth rate reaches 6 percent, where it is expected to remain indefinitely. There are
5.5 million shares of stock outstanding and investors require a return of 13 percent return on the company’s stock. The corporate tax rate is 40 percent.

a. What is your estimate of the current stock price?
b. Suppose instead that you estimate the terminal value of the company using a PE
multiple. The industry PE multiple is 11. What is your new estimate of the company’s
stock price?

If food is on the vertical axis and housing is on the horizontal axis, a set of indifference curves that are quite steep with respect to the horizontal axis. . .
1. reflect a preference pattern that generally values housing high, relative to food
2. imply that food has a higher relative value compared to housing for the consumer
3. say nothing relating to how the consumer feels about two goods until a budget line is introduced
4.mean that the two goods are perfect substitutes

1. Your spendthrift cousins wants to buy a fancy watch for $425. Instead, you suggest that she buy an inexpensive watch for $25 and save the difference of $400. Your cousin eventually agrees with your idea and invests $400 for 40years in an account earning 9% interest per year. How much will she accumulate in this account after 40 years have passed?

2. 4.Kris borrows money in her senior year to buy a new car. The car dealership allows her to defer payments for 12 months, and Kris makes 36 end-of-month payments thereafter. If the original note(loan) is for $24,000 and interest is ½% per month on the unpaid balance, how much will Kris’ payments be?

3. How much money should be deposited each year for 10 years if you wish to withdraw $3,000 each year for five years, beginning at the end of 15th year? Let i=8% per year.