Assignement (25%)
Assignement (25%)
Assignement (25%)
SAWLA CAMPUS
Department of Management Weekend
Instructions:
Do Assignment independently.
Every one of the groups should participate.
Submit on time as per the deadline.
Indicate introduction, Body and Summary parts.
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)