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1 price elasticity of demand for samsung phones

Ep = (dQ/dP)*(P/Q) The price elasticity of demand for samsung phones is inelastic

dQ/dP = -0.003333
P/Q = 113.6364

Ep = -0.378788

2 cross price elasticity of demand for samsung phones


Ec = (dQs/dPv)*(Pv/Qs) the cross price elasticity of samsung phones wrt vivo phones

dQs/dPv = -0.005
Pv/Qs = 45.45455
Ec = -0.227273

3 income elasticity of demand Thechange in the demand for samsung phones resulting from
Ei = (dQ/dI)*(I/Q) This indicates that demand for samsung phones are insenstiv
(dQ/dI) = -1
(I/Q) = 0.454545

Ei = -0.454545
or samsung phones is inelastic. That means consumers are insensitive to price change in samsung phones.

sung phones wrt vivo phones indicates that

amsung phones resulting from change in income.


samsung phones are insenstive to income .
C=wL+rK

Wage rate Labour rental capital target Q


8 2.04 4 4.079032 2000

the optimum quantities of K and L are highlighted

Wage rate Labour rental capital


8 2.0625 4 4.125
Q=10K^2.5L^2.5

Cost Q
32.64403 1999.834

e highlighted

Cost Q maximum output is 2111 units.


33 2111.275 There is a negligible change in Capital and labour
Output TFC TVC TC AFC AVC ATC MC
1 100 10 110 100.0 10.0 110.0 0
2 100 16 116 50.0 8.0 58.0 6
3 100 21 121 33.3 7.0 40.3 5
4 100 26 126 25.0 6.5 31.5 5
5 100 30 130 20.0 6.0 26.0 4
6 100 36 136 16.7 6.0 22.7 6
7 100 45 145 14.3 6.4 20.7 9
8 100 56 156 12.5 7.0 19.5 11
9 100 72 172 11.1 8.0 19.1 16
10 100 90 190 10.0 9.0 19.0 18
11 100 109 209 9.1 9.9 19.0 19
12 100 130 230 8.3 10.8 19.2 21
13 100 153 253 7.7 11.8 19.5 23
14 100 180 280 7.1 12.9 20.0 27
15 100 220 320 6.7 14.7 21.3 40
16 100 305 405 6.3 19.1 25.3 85
17 100 405 505 5.9 23.8 29.7 100
18 100 520 620 5.6 28.9 34.4 115
19 100 650 750 5.3 34.2 39.5 130
20 100 850 950 5.0 42.5 47.5 200
Given : P=25000

p = 9000- 2Qd
Substituting value of P we get,

Qd =-8000

dTC/dQs = 4Qs+5000
at equilibrium Qs=Qd

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