INSTRUCTIONS:1. ALL CAPS IN ALL YOUR ANSWERS2. PLACE PESO SIGN AND COMMA3. NO ROUNDING IN ALL FIGURES FROM START TO FINISH BUT LIMIT YOUR ANSWERS TO 2 DECIMAL PLACES4. MAKE SURE TO CONSIDER THE INFORMATION ATTACHED FOR COMPUTING YOUR POPULATION AND COMPLETING YOUR TARGET MARKET. ALL THE TARGET MARKET SHARE THE SAME DATA EXCEPT OTHERWISE MENTIONED (AVERAGE NUMBER OF HOUSEHOLD MEMBERS PER CITY, WILLING TO BUY, AND PRICE TO PAY)5. ALL THE TARGETED CITIES HAVE AN AVERAGE ANNUAL DEMAND OF FOUR (4) 11 KG LPG TANK) A YEARNote: this is a timed quiz. You may check the remaining time you have at any point while taking the quiz by pressing the keyboard combination SHIFT, ALT, and T... Again: SHIFT, ALT, and T... Question 2Tips1 ptsI. Business model innovation involves rethinking the way a business creates and captures value.II. Marketing innovation includes changes in product design.Group of answer choicesBoth statements are TrueStatement I is False, Statement II is TrueStatement I is True; Statement II is FalseBoth Statements are False
Question
INSTRUCTIONS:1. ALL CAPS IN ALL YOUR ANSWERS2. PLACE PESO SIGN AND COMMA3. NO ROUNDING IN ALL FIGURES FROM START TO FINISH BUT LIMIT YOUR ANSWERS TO 2 DECIMAL PLACES4. MAKE SURE TO CONSIDER THE INFORMATION ATTACHED FOR COMPUTING YOUR POPULATION AND COMPLETING YOUR TARGET MARKET. ALL THE TARGET MARKET SHARE THE SAME DATA EXCEPT OTHERWISE MENTIONED (AVERAGE NUMBER OF HOUSEHOLD MEMBERS PER CITY, WILLING TO BUY, AND PRICE TO PAY)5. ALL THE TARGETED CITIES HAVE AN AVERAGE ANNUAL DEMAND OF FOUR (4) 11 KG LPG TANK) A YEARNote: this is a timed quiz. You may check the remaining time you have at any point while taking the quiz by pressing the keyboard combination SHIFT, ALT, and T... Again: SHIFT, ALT, and T... Question 2Tips1 ptsI. Business model innovation involves rethinking the way a business creates and captures value.II. Marketing innovation includes changes in product design.Group of answer choicesBoth statements are TrueStatement I is False, Statement II is TrueStatement I is True; Statement II is FalseBoth Statements are False
Solution
BOTH STATEMENTS ARE TRUE
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Demand and supply often shift in the retail market for gasoline. Below are two demand curves and two supply curves for gallons of gasoline in the month of May in a small town in Maine. Some of the data are missing.Using the table, answer the following questions:Price Quantities Demanded Quantities SuppliedD1 D2 S1 S2$ 7.00 10,000 15,000 18,000 19,000 12,000 16,000 16,000 18,0005.00 17,000 17,000 18,000 12,000 Instructions: Round your answers for price to 2 decimal places. Enter quantities as a whole number.Use the following facts to fill in the missing data in the table. If demand is D1 and supply is S1, the equilibrium quantity is 14,000 gallons per month. When demand is D2 and supply is S1, the equilibrium price is $6.00 per gallon. When demand is D2 and supply is S1, there is an excess demand of 6,000 gallons per month at a price of $4.00 per gallon. If demand is D1 and supply is S2, the equilibrium quantity is 16,000 gallons per month.Compare two equilibriums. In the first, demand is D1 and supply is S1. In the second, demand is D1 and supply is S2.By how much does the equilibrium quantity change?Equilibrium quantity by gallons per month.By how much does the equilibrium price change?Equilibrium price by $ .If supply falls from S2 to S1 while demand simultaneously declines from D2 to D1, does the equilibrium price rise, fall, or stay the same?What happens if only supply falls?What happens if only demand falls?Suppose that supply is fixed at S1 and that demand starts at D1.By how many gallons per month would demand have to increase at each price such that the equilibrium price per gallon would be $6.00? gallons per monthBy how many gallons per month would demand have to increase at each price such that the equilibrium price per gallon would be $7.00? gallons per month
(1)C=1000+0.4(Y−T)(2)I=500(3)G=400(4)T=300 Write down the equilibrium values for:AD*= , y*= , c*= , I*= , G*=, T*= , M=, MPC=👍👀✅Acein a few secondsLet's solve this step by step:1. The aggregate demand (AD) is the sum of consumption (C), investment (I), and government spending (G). So, AD = C + I + G.2. Substituting the given equations into the AD equation, we get AD = (1000 + 0.4(Y - 300)) + 500 + 400.3. Simplifying this, we get AD = 1400 + 0.4Y.4. In equilibrium, aggregate demand equals income (Y), so we can set AD = Y to find the equilibrium income. Solving the equation 1400 + 0.4Y = Y gives us Y* = 2333.33.5. Substituting Y* into the consumption function gives us C* = 1000 + 0.4(2333.33 - 300) = 1413.33.6. The investment, government spending, and taxes are given as I* = 500, G* = 400, and T* = 300.7. The marginal propensity to consume (MPC) is the slope of the consumption function, which is 0.4 in this case.8. The value for M is not given in the equations, and without additional information, we cannot determine its value.
Use the following information to answer the question below.C = 1000 + .8(Y-T)I = 800G = 2000T = 1000The equation for household saving, S, for the above economy is:Group of answer choices-1000 + .8(Y-T)-1000 + .2(Y-T)-1000 - .2(Y-T)3000 + .2Y
A company that supplies water to a city faces a market demand curve of P = 161-3q. At what price does the company maximise total revenue?
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