# General Cereals is using a regression model to estimate the deamnd for Tweetie Sweeties, a whistle-shaped, sugar-coated cereal for children.

## Hi there, would you like us to **help you do this question?**

We are professional assignment help service for students who can't even. Get your papers written starting at just $11.99 a page.

Do my question How much will it cost?General Cereals is using a regression model to estimate the deamnd for Tweetie Sweeties, a whistle-shaped, sugar-coated cereal for children. The following multiplicative exponential demand function is being used:

QD (D is lower to the right)= 6,280P-2.15 A1.05 N3.70 (2.15, 1.05 3.70 are above the letters to the right)

where QD= quantity demanded in 10oz. boxes

P = price per box, in dollars

A = advertising expenditures on daytime television in dollars

N= proportion under 12 years old

1. Determine the point price elasticity of demand for Tweetie Sweeties

2. Determine the advertising elasticity of demand

3. What interpretation would you give to the exponent of N?

QUESTION #2

The demand for haddock has been estimated as:

log Q= a+b log P+c log I + d log Pm

where Q= quantity of haddock sold in New England

P= price per pound of haddock

I- a measure of personal income in the New England region

Pm= an index of the price of meat and poultry

1. If b = 2.174, c= 0.461 and d= 1.909:

Determine the price elasticity of demand

Determine the income elasticity of demand

Determine the cross price elasticity of demand

How would you characterize the demand for haddock?

Suppose disposable income is expected to increase by 5% next year. Assuming all other factors remain constant, forecast the percentage of change in the quantity of haddock demanded next year.

Question #3

An estimate of the demand function for household furniture produced the following results: F=0.0036Y (1.08 exponent)R(0.16 exponent) P -0.48 (exponent) r2 = 0.996

where F= furniture expenditures per household

Y= disposable personal income per household

R = value of private residential construction per household

P= ratio of the furniture price index to the consumer price index

a. Determine the point price and income elasticities for household furniture.

What interpretation would you give to the exponent for R? Why do you suppose R was included in the equation as a variable?

If you were a supplier to the furniture manufacturer, would you have preferred to see the analysis performed in physical sales units rather than dollars of revenue? How woul dthis change alter the interpretation of the price coeeficient presently estimated as .0.48?

ALL WORK MUST BE SHOWN YOU MUST SHOW HOW THE ANSWER WAS ACHEIVED IT MUST BE DONE BY 4PM EST 4/21/13

## Get your project done perfectly

Order Now**Who We Are**

We are a professional custom writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework.

**Do you handle any type of coursework?**

Yes. We have posted over our previous orders to display our experience. Since we have done this question before, we can also do it for you. To make sure we do it perfectly, please fill our Order Form. Filling the order form correctly will assist our team in referencing, specifications and future communication.

**Is it hard to Place an Order?**

1. Click on the “**Place order** tab at the top menu or “**Order Now**” icon at the
bottom and a new page will appear with an order form to be filled.

2. Fill in your paper’s requirements in the "**PAPER INFORMATION**" section
and click “**PRICE CALCULATION**” at the bottom to calculate your order
price.

3. Fill in your paper’s academic level, deadline and the required number of pages from the drop-down menus.

4. Click “**FINAL STEP**” to enter your registration details and get an account
with us for record keeping and then, click on “**PROCEED TO CHECKOUT**”
at the bottom of the page.

5. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.

Need help with this assignment?

Order it here claim 15% discount

Discount Code: SAVE15

Get a high quality paper now Free InquiryWe got you covered for the whole semester.