Managerial Economics<\/p>\n
ASSIGNMENT NO. 1: in-class team (2 member per team) project
\nFish demand\tPrice \tP.of Chi\tIncome
\n405\t3.5\t2.15\t41000
\n404\t3.4\t2.15\t26000
\n420\t3.55\t2.1\t29600
\n400\t3.2\t2.25\t38000
\n418\t3.9\t2.2\t47000
\n390\t3.94\t2.2\t58000
\n400\t3.54\t2.4\t49200
\n422\t3.67\t2.42\t49855
\n410\t4\t2.51\t59900
\n427\t4.1\t2.6\t61000
\n430\t3.9\t2.61\t57000
\n440\t3.81\t2.54\t58900
\n441\t3.8\t2.95\t50050
\n428\t3.2\t2.9\t65900
\n390\t3.89\t3\t65000
\n398\t3.78\t3.05\t41000
\n380\t3.5\t3\t42450
\n325\t4\t3.2\t48000
\n378\t4.25\t3.55\t132000
\n400\t3.9\t3.25\t100200
\n430\t3.21\t3.2\t91000
\n400\t3.75\t3.29\t925000
\n410\t3.9\t2.85\t43900
\n440\t4.25\t2.75\t44665
\n425\t4.2\t3\t100005
\n420\t4\t3.08\t32000
\n431\t4.1\t3\t39000
\n401\t4.3\t3.25\t105642
\n408\t4\t3.1\t100500
\n410\t4.15\t3.25\t41500
\nWhere: Fish Demand reflects the per pound fish consumption by locals (yrly)
\nQ. 1. What is average per capita consumption of fish and chicken?
\nQ 2. What are the estiamted elasticities of demand for Fish?
\nQ 3. Test the hypothesis that price of Chicken is not an important
\nfactor in determining the demand for Fish
\nQ 4. Test the hypothesis that as Income increases so does the consumption of Fish
\nQ 5. Test the overall significance of the model<\/p>\n","protected":false},"excerpt":{"rendered":"
Managerial Economics ASSIGNMENT NO. 1: in-class team (2 member per team) project Fish demand Price P.of Chi Income 405 3.5 2.15 41000 404 3.4 2.15 26000 420 3.55 2.1 29600 400 3.2 2.25 38000 418 3.9 2.2 47000 390 3.94 Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-236990","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/236990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=236990"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/236990\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=236990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=236990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=236990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}