logo

Quantitative Methods with Economics - Analysis and Computation

The assignment is a project assignment for the course MAT10706 Quantitative Methods with Economics. It is due in Week 7 and carries a value of 35%. The assignment requires calculations and written descriptions in correctly structured sentences using appropriate mathematical, business, and English language. Figures and tables must be fully labelled and include headings. All work must be referenced using standard practice taught in EDU10010 Language and Learning in Your Discipline.

11 Pages1263 Words179 Views
   

Added on  2023-06-12

About This Document

This document provides a detailed analysis and computation of quantitative methods with economics. It covers topics such as equilibrium point, profit function, demand and supply function, and more. The document also includes tables and graphs for better understanding. The subject is Quantitative Methods with Economics and the course code is MAT10706.

Quantitative Methods with Economics - Analysis and Computation

The assignment is a project assignment for the course MAT10706 Quantitative Methods with Economics. It is due in Week 7 and carries a value of 35%. The assignment requires calculations and written descriptions in correctly structured sentences using appropriate mathematical, business, and English language. Figures and tables must be fully labelled and include headings. All work must be referenced using standard practice taught in EDU10010 Language and Learning in Your Discipline.

   Added on 2023-06-12

ShareRelated Documents
QUANTITATIVE METHDS WITH ECONOMICS
MAT10706
[Pick the date]
Student Name
Quantitative Methods with Economics - Analysis and Computation_1
Question 1
Part 1
The requisite data and information is shown below:
Let the number of motorcycle is B.
1. Type 1 motor cycle
“Chrome Catalyst Engine Parts”
¿ cost=$ 4000
Unit variable cost = $(876+65) = $941
Unit sale price = $1100
Hence,Cost function (C) = 4000 + 941 B & Revenue function (R)= 1100 B
1
Quantitative Methods with Economics - Analysis and Computation_2
2. Type 2 motor cycle
“Platinum Power Engines Parts”
¿ cost=$ 4000
Unit variable cost = $(1228+65) = $1293
Unit sale price = $1500
Hence,
Cost function (C) = 4000 +1293 B & Revenue function (R)= 1500 B
3. Type 3 motor cycle
“Silver Streak Engine Parts”
¿ cost=$ 4000
Unit variable cost = $(1024+65) = $1089
Unit sale price = $1300
2
Quantitative Methods with Economics - Analysis and Computation_3
Hence,
Cost function (C)= 4000 + 1089 B & Revenue function (R)= 1300B
Part 2
The point of intersections between the revenue and Cost function (C) is computed below:
1. Type 1 motor cycle
“Chrome Catalyst Engine Parts”
The point of intersections would be equilibrium point when the cost and Revenue function (R) is
equal.
Cost function (C) = Revenue Function (R)
4000+ 941 B=1100 B
B=25.15
3
Quantitative Methods with Economics - Analysis and Computation_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
MAT10706 Quantitative Methds with Economics Project Assignment
|9
|1185
|62

Impact of Changing Price on Revenue and Profit in Motor Cycle Manufacturing Company
|8
|1385
|481

Quantitative Methods with Economics Assignment
|3
|437
|48