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ARBA MINCH UNIVERSITY

SAWLA CAMPUS
Department of Management Weekend

Group Assignment for 4th yr 2nd Sem on Managerial Economics

Dead line: Oct,6/2016.E.C


Weight:25 Marks

Instructions:
 Do Assignment independently.
 Every one of the groups should participate.
 Submit on time as per the deadline.
 Indicate introduction, Body and Summary parts.

By Nugusu Meskele (MBA)


Answer the following questions based on the nature of the question.

1.Calculate the equilibrium price and quantity for the following markets:
A. Qs = -20+3P and Qd = 220-5P
B. Qs = -45+8P and Qd = 125-2P
C. Qs+32-7P = 0 and Qd-128+6P
D. 13P-Qs = 27 and Qd+4P-24 = 0
2.Draw the graph of the following equations and indicate their respective slopes and
intercepts:
A. 3Y+15X = 0
B. 2Y-6X=12
C. 8Y-2X+16 =0
D. 6Y+3X-18 = 0
3.The demand function for truck assembled XY Company has been estimated to be: Qd =
1,200 – 600P + 20Y;Where Y is in thousands of dollar; when P=$20 and Y=$50,000,
determine:
A. price elasticity of demand
B. Income elasticity of demand
4.Clearly differentiate the following concepts.
A. Expected Monetary Value (EMV).
B. Expected opportunity Loss (EOL).
C. Expected value of Perfect Information (EVPI)

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