This document provides instructions for a group assignment for a 4th year managerial economics class at Arba Minch University's Sawla campus. Students are to complete the assignment independently but with participation from all group members, and submit it by the October 6th deadline for 25 marks. The assignment involves answering questions related to market equilibrium, graphing economic equations, calculating price and income elasticities, and differentiating economic concepts.
This document provides instructions for a group assignment for a 4th year managerial economics class at Arba Minch University's Sawla campus. Students are to complete the assignment independently but with participation from all group members, and submit it by the October 6th deadline for 25 marks. The assignment involves answering questions related to market equilibrium, graphing economic equations, calculating price and income elasticities, and differentiating economic concepts.
This document provides instructions for a group assignment for a 4th year managerial economics class at Arba Minch University's Sawla campus. Students are to complete the assignment independently but with participation from all group members, and submit it by the October 6th deadline for 25 marks. The assignment involves answering questions related to market equilibrium, graphing economic equations, calculating price and income elasticities, and differentiating economic concepts.
This document provides instructions for a group assignment for a 4th year managerial economics class at Arba Minch University's Sawla campus. Students are to complete the assignment independently but with participation from all group members, and submit it by the October 6th deadline for 25 marks. The assignment involves answering questions related to market equilibrium, graphing economic equations, calculating price and income elasticities, and differentiating economic concepts.
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
You are on page 1/ 2
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)
