4814-2

please provide me assistance with the following.

The MacWend Drive-In

2. The MacWend Drive-In has determined that demand for hamburgers is given by the following equation: Q = 205.2 + 23.0A – 200.0PM + 100.0PC + 0.5I (1.85) (2.64) (-5.61) (2.02) (4.25) where Q is the number of hamburgers sold per month (in 1,000s), A is the advertising expenditures during the previous month (in $1,000), PM is the price of MacWend burgers (dollars), PC is the price of hamburgers of the company’s major competitor (dollars), and I is income per capita in the surrounding community (in $1,000). The t-statistics for each coefficient is shown in parentheses below each coefficient. A. How would you interpret the value for each independent variable’... click for more

pure competition

Book: McConnell Brue -15th edition page 204 - problem #4 letter d: in the table below complete the short run supply schedule for the firm (column 1 and 2) and indicate the profit or loss incurred at each output (column 3) Price - column 1 $26 Quantity supplied, single firm (column 2) profit (+) or loss (-) (column 3) quantity supplied, 1500 firms (column 4) There are other prices but the first price is $26 The other prices for column one are $32, 38, 41, 46, 56 and 66. I was hoping you could give me some help on how to do this problem so I could complete the rest of the prices and fill in the rest of the columns.

Economics

Industry structure is often measured by computing the Four-Firm Concentration Ratio....What does your adjustment process imply about the CR for the industry? (See attachment for full questions)

4973-01- econ

1.1A Tax on Luxury Boats In 1990, Congress passed, and George Herbert Walker Bush signed, a law placing a 10% tax on luxury items such as expensive yachts, cars, jewelry and furs. By some accounts, sales of luxury boats fell by 50% in some areas. In Florida, sales of luxury boats fell by as much as 90%. Bill Clinton repealed the law in 1993. The tax only brought in revenues of $30 million, and after considering administrative and enforcement costs and increased claims from unemployed boatbuilders, the net e_ect of the luxury tax was estimated to have cost the Federal government $8 million-that's not a mistake-this tax brought in less revenue than it cost! (a) Explain why placing... click for more