Question: After collecting and analyzing data, and estimating a regression model, you have found the following demand equation for your company's product, which is Good A:

have found the following demand equation for your company's product, which is

After collecting and analyzing data, and estimating a regression model, you have found the following demand equation for your company's product, which is Good A: OdA = 18,000 - 4PA + 3P3 + 6M. You have the information that P3 = $60, and M = $17,000. (Note that QdA is the quantity demanded of Good A, PA is the price of Good A, PB is the price of another product called Good B, and M stands for income available. In addition, note that the income enters the equation as $17,000.) What is the price intercept of this demand equation? $30,045 $51,000 $120,180 $18,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

deacribe the main findings of this paper 400 words (be clear on what the analysis involved says, interpret results, or if you could redo the study, what other varaibles or questions would you...

U.S. Army Cost Benefit Analysis Guide 12 JANUARY 2010 Prepared by Office of the Deputy Assistant Secretary of the Army (Cost and Economics) Version 1.0 U.S. Army Cost Benefit Analysis Guide - V 1.0 2...

Just some points on the main findings of the paper/ what the results mean! 6 67% + T Applying Regression Models to Predict Business Results Jelena Rusov PhD Student Durereado, grade Mirjana Misita...

help mi The faculty at the Smith School have started sharing their business contacts with the administration and students to help in recruiting efforts. The hope is that these business contacts will...

I need you to answer 3 discussion post questions from my peers and state whether you agree or disagree: (BUSI 2113 Production and Operations Management) Post 1: Demand forecasting for a new product...

Article 2 : Impact of Schedule Management Plan on Project Management Effectiveness Article Review. Brief explanation on summary, issues, results, critique, analysis and conclusion Impact of Schedule...

I need your help with this: Can you please quote from the attached chapters / resource if possible? Corporations often use different costs of capital for different operating divisions. Using an...

Hello This is regarding BUS5440. I need help with the following discussion questions and I need the answer in next 2 hrs as I have a deadline today, *********************************** Share your...

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

Your Role and the Organization You are the Vice President of Human Resources for a professional baseball team that competes in a league with 30 franchises across 25 cities in the United States,...

Assuming that the resistance of your hair dryer obeys Ohm's Law, what would happen to its power output if you plug it into a 240-V outlet in Europe if it is designed to be used in the 120-V outlets...

JaCo uses the periodic method and FIFO costing. JoCo's December 31, 20X2 inventory consists of 400 units bought in November, 20X2 @ $11. During 20X3, JoCo made the following purchases: 1800 units @...

BACKGROUND As an enterprising and dynamic person, you have decided that it is time to delve into a personal project that you have always wanted to do and that you believe will be a resounding success...

3. To understand that the first impression means a lot, and it takes a lot of energy to change this first impression.

Go, do not wait until I come

Make eye contact when talking and listening