Suppose that more people have opened their own e-business because they wanted to be their own bosses, but the demand for e-products has grown even faster as the economy recovered from the pandemic. How would this affect the equilibrium price and quantity of meals sold by restaurants? (reperesnt this in graph)
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- How do I calculate new Qs for supply and demand?Analyze the demand function for Toyotas in problem C4, page 82. Please also read “What is a Symbol” located in the folder with this assignment. This function is: QT = 200 -.01PT +.005PM -10PG +.01I +.003A Where: QT = quantity purchased PT = average price of Toyotas PM = average price of Mazdas PG = price of gasoline I = per capita income A = dollars spent annually on advertising Characterize this function by circling all in the following list that are applicable: univariate, bivariate, multivariate, linear, exponential, logarithmic, curvilinear, 1st degree, 3rd degree, additive, multiplicative, linearly homogeneous What is the numerical value of the partial derivative of the function with respect to the price of gasoline (PG) (be sure to also include the + or – sign. Note: I do not want the symbol for this partial derivative)? Write the mathematical symbol representing the coefficient of income (I) (the numerical…The following graph shows the monthly demand and supply curves in the market for notebooks. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. PRICE (Dollars per notebook) 88 2288 22 220 100 90 80 70 60 50 40 30 Supply Demand 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Notebooks) The equilibrium price in this market is Graph Input Tool Market for Notebooks Price (Dollars per notebook) Quantity Demanded (Notebooks) per notebook, and the equilibrium quantity is 20 310 Quantity Supplied. (Notebooks) notebooks per month. 190
- On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per scooter. TOTAL REVENUE (Dollars) 1460 1320 1180 1040 900 760 620 480 340 200 + 0 15 30 45 60 75 90 105 120 135 150 165 180 195 PRICE (Dollars per scooter) Total Revenue ? According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of scooters is currently $45 per scooter, shown as point B on the initial graph. Because the demand between points A and B is ▼, a $15-per-scooter increase in price will lead to in total revenue per week. In general, in order for a price increase to cause a decrease in total revenue, demand must beSuppose consumers believe that prices will be rising in the future. How will that affect demand for the product in the present? Can you show this graphically?. According to a consumer sentiment report, buyers are likely to buy cheaper brands or lower variants in discretionary categories and buy expensive brands for staples and household care. This report is based on responses from about 1,300 respondents in metros, tier 1 & tier 2 cities. As a data analyst if you have to organize this data to be used by your company for business analysis in a relational database tables with rows and columns.How will you do it with taking into account what different tables you will form ,different attributes or field require,key field in different tables etc.
- How has technology eased the task of assessing actual food costs and actual beverage costs?Homework (Ch 05) On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per scooter. TOTAL REVENUE (Dollars) 7830 7290 6750 8210 5670 5130 4590 4050 3510 2970 0 25 50 75 100 125 150 175 200 225 250 275 300 325 PRICE (Dollars per scooter) Total Revenue gage Learning According to the midpoint method, the price elasticity of demand between points A and B is approximately Suppose the price of scooters is currently $25 per scooter, shown as point B on the initial graph. Because the demand between points A and B is a $25-per-scooter increase in price will lead to in total revenue per week. In general, in order for a price increase to cause a decrease in total revenue, demand must beThere is a debate about whether sterile hypodermic needles should be passed out free of charge in cities with high illegal drug use. Proponents argue that doing so will reduce the incidence of diseases, such as HIV/AIDS, that are often spread by needle sharing among drug users. Opponents believe that doing so will encourage more drug use by reducing the risks of this behavior. As an economist asked to assess the policy, you must know the following: (i) how responsive the spread of diseases like HIV/AIDS is to the price of sterile needles and (ii) how responsive drug use is to the price of sterile needles. Assuming that you know these two things, use the concepts of price elasticity of demand for sterile needles and the cross-price elasticity between drugs and sterile needles to answer the following questions. Which of the following would have to be true for this policy to be beneficial to cities? 0 The price elasticity of demand for sterile needles is relatively elastic. The…
- E2: complete the following using the graph.If the average rural household income in Nigeria is US$60 then the demand for internetconnectivity, ceteris paribus, at US$43 is more likely to be...(I am trying to find the simplest way to solve the question if Im using a cas calculator) (Formulas and notes I can put on my calculator are helpful) An apple grower finds that if he plants 80 trees per acre, each tree will yield 26 bushels of fruit. He estimates that for each additional tree planted per acre, the yield of each tree will decrease by 4 bushels. Given a price of $1.00 per bushel, find the maximum revenue and how many trees should he plant per acre to maximize her harvest? 36 trees per acre, maximum revenue of $7,480 37 trees per acre, maximum revenue of $7,482 43 trees per acre, maximum revenue of $7,482 44 trees per acre, maximum revenue of $7,480