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Given The Following Schedules, Plot The Demand Curve and Supply Curve in A Separate Graph

The document describes demand and supply schedules and functions. It provides tables to complete with quantity demanded and supplied given prices. It also provides the demand curve equation for a cellphone brand and tasks to determine the demand curve, calculate quantities at given prices, plot the schedule, and calculate price elasticity of demand between two prices.

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Mondalo, Stephanie B.
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60 views

Given The Following Schedules, Plot The Demand Curve and Supply Curve in A Separate Graph

The document describes demand and supply schedules and functions. It provides tables to complete with quantity demanded and supplied given prices. It also provides the demand curve equation for a cellphone brand and tasks to determine the demand curve, calculate quantities at given prices, plot the schedule, and calculate price elasticity of demand between two prices.

Uploaded by

Mondalo, Stephanie B.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Given the following schedules , plot the demand curve and supply curve in a separate graph.

1.

Demand and Supply Schedules ( 2 graphs )

2.

Price Quantity Demanded Price Quantity Supplied


P2 150 P2 100
4 100 4 120
6 75 6 160
8 60 8 180
10 50 10 210
12 30 12 220

2.Given the following equations, derive demand schedule and supply schedule.

Given :

2.1 Demand Function = Qd = 120,000-20,000 P

If Prices are 1.2.3.4.5 What are the Quantity demanded . Please complete the table below.

PRICE (P) QUANTITY DEMANDED (Qd)


P1 ?
2 ?
3 ?
4 ?
5 ?

2.2 Supply Function using the same prices of P1.2.3.4.and5. please complete the table below.

PRICE ( P) QUANTITY SUPPLIED


P1 ?
2 ?
3 ?
4 ?
5 ?

The JVR Company found that a particular brand of cellphone has the following demand curve;

Qd = 110,000-200P+.03Pop +.6 I +.2 Ad

Where Qd= quantity demanded per month

P = is the price
Pop = Population

I = Disposable Income

Ad = advertising expenditure

1. Determine the demand curve for the company in a market in which P-300, Pop =800,000,I –
30,000 and A= 15,000

2. Calculate the Qd at prices of P250, 200, 175 and 150

3. Plot the schedule and estimate at what price will demand reach 40,000.

4. Using prices in number 2 , solve for price elasticity of demand using P 200 and P 175 as
P1and P2 respectively.
I constructed a project network, doing forward and backward passes, determining the
project completion time, calculation slack values, and stating the critical path.

1-4. I used the node convention here as you will find in Quantitative Methods for
Business by Anderson, Sweeny and Williams. Where A indicates the activity being
described, and t represents the expected activity duration/time. ES is the earliest time the
activity can start; EF is the earliest finish time; LS is the latest start time; and LF is the
latest finish time without extending the minimum completion time of the project.

I started this with a sketch to make it easier when drawing the full network.
Activities A and B have no predecessors so they can begin at start. Activity C needs A to
be completed before it can start. Activity D and Activity E need B to be completed. F and
I needs A. J needs H, G, E. Lastly, K depends on F, J and I. Since K has no successors, it
goes to finish.

Here is the network with the activity nodes, displaying letters and times.

5. Slack = LS – ES or LF – EF

Slack = 46 Slack = 0

Slack = 46

Slack = 3 Slack = 3 Slack = 3


Slack = 0

Slack = 0 Slack = 0 Slack = 0

Slack = 29

6. The activities with 0 slacks are called critical activities. And they form the critical path
which is the longest path in the network. So, the critical path here is
B-D-H-J-K.

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