ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- 1. As the owner of an ice-cream store, you believe it is necessary to purchase another ice-cream maker to meet the increased demand. You need to take a loan to finance it. The loan officer tells you that your revenues of $750,000 are insufficient to support additional debt. To qualify for the loan, your revenues need to be $50,000 higher. To generate additional revenue, you collect data on the price (in cents) per pound you charge customers and the related quantity of ice-cream consumed per year in pounds. The information is saved in HW3_2.xlsx. Use these data to estimate the log-linear demand specification to obtain least squares estimated of the demand for ice-cream. Write an equation that summarizes the demand for ice cream, and then determine the percentage price increase or decrease that is needed in order to boost revenues by $50,000.arrow_forwardIf you purchase a gift card electronicallt through a site such as Plastic Jungle, you can use the money instantaneously with any online retailer that accepts gift cards. T/Farrow_forwardPls help ASAParrow_forward
- i Xi CT CONTI 1 2 -0.75 1.30 -1.55 1.25 As a reminder: When calculating answers, please use at least 4 decimals for intermediate calculations. 13579 3 5 4 7 5 Yi -2.50 9arrow_forwardTract 1 123 2 3 4 Group A Group B 25 50 75 100 25 25 25 25 Calculate the dissimilarly index for this county.arrow_forwardThe ratio of Consumption to savings is given as 5/3 Calculate the value of savings if the value of income is $6000arrow_forward
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