(一) Construct the demand function given that for every unit the price P raises the
demand will decrease for m units and for every unit the income Y raises the
demand will increase for n units. (5%)
(二) Construct the demand function given that for every 1 percent the price P raises the
demand will decrease for m percent and for every 1 percent the income Y raises the
demand will decrease for n percent. (5%)
NTHU is considering increasing the tuition fee, currently $20 by 25%. NTHU's current
revenue is $12000 a month and the price elasticity of demand for its course is estimated
to be −1.8 .
(一) Calculate the effect of the price change on NTHU's revenue. (5%)
(二) NTHU now considers increasing its advertising budget to restore its sales revenue
to its previous level. NTHU is currently spending $1500 a month on advertising
and estimates its advertising elasticity of demand to be 1.5. What will its new
budget have to be? (5%)
(三) What can you say about what will happen to profit in both (1) and (2) compared
with the original level of profit?
Please explain the concept of Stagflation(停滯性通貨膨脹). What is the key difference
between Stagflation and Inflation?
What is Cobweb Theory? Please use Cobweb Theory to explain why there are
capacity oversupply and shortage in semiconductor industry from time to time.
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