A city in Metro Manila conducted a survey on selling a Modernized PUV.They have surveyed 2 questions to the 1000 Filipino jeepneydrivers/operators.a. Question 1:Would you buy a Modernized PUV for P50,000/month? 20 peopleWould you buy a Modernized PUV for P5,000/month? 700 peopleWould you buy a Modernized PUV for P500/month? 900 peopleWould you buy a Modernized PUV for P50/month? 1000 peopleb. Question 2:Would you sell your Modernized PUV for P50,000/month? 950 peopleWould you sell your Modernized PUV for P5,000/month? 500 peopleWould you sell your Modernized PUV for P500/month? 90 peopleWould you sell your Modernized PUV for P50/month? 3 personWhat would be the suitable balance of price? (Hint: Use two-point formula)What would be the number of people interested?

In the coordinate system, the two-point formula is used to find the equation of a straight line. It…

Answered: What would be the suitable balance of…

What would be the suitable balance of price? (Hint: Use two-point formula) What would be the number of people interested?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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