二班 管理经济学作业.doc

姓名：白帆 学号Question: How to understand “maximizing the value of the firm’s factors”? Answer: maximizing the value of the firm involves consideration of future revenues,costs,and discount rates: total revenues are directly determined by the quantity sold and the prices received. cost analysis includes a detailed examination of the price and availability of various input factors,altenative production schedulees,production methods,and so on. the relation between an appropriate discount rate and the company’s mix of products and both operating and financial leverage must be determined. All these factors affect the value of the firm. 张浩然The demand curve for good X of firm A is estimated to be X ,Py is the price of related good Y,M is average income of consumers who buy good X. The value of Px,Py,M are expected to be ﹩10, ﹩20,﹩5000 respectively. ⑴What is the price elasticity of demand Ep? ⑵What is the arc cross price elasticity of demand EPx? ⑶What is the income elasticity of demand EI? Which type? Why? The answer: ∵Px=﹩10,Py=﹩20,M=﹩5000. ∴Qx=554. ⑴Ep=(dQx／dPx)·(Px／Qx)=(－8)×(10÷554)=－40／277 ⑵EPx=【△(d)Qx／△(d)Py】·(Py／Qx)=20×(20÷554) = 200／277 ⑶EI= (dQx／M)·(M／Qx)=0.04×(5000÷554)=100／277 ∵0EI1 ∴ Good X is noncyclical normal good. 王Set of soap in the demand price elasticity is 0.6, The demand for soap powder for 0.4 cross elasticity, If the price of soap and detergent 8% rise at the same time, ask soap purchases will increase or decrease? What is the percentage? *Washing with soap is substitutes, washing powder prices will inevitably lead to soap buying increasing, while soap their prices also inevitably leads to its procurement decrease. *Because of washing powder prices, soap by imposing increase = 0.4 * 8% = 3.2% *Because soap prices, soap by imposing narrowed by = 0.6 * 8% = 4.8 percent *Therefore, soap purchases will decrease and reduce 1.6 per cent 姓名：刘常娥 学号:Assumed that sausage and bread a