General Cereals is using a regression model to estimate the demand for Tweetie Sweeties, a whistle shaped, sugar-coated breakfast cereal for children Custom Essay

1. General Cereals is using a retrogression example to value the insist control Tweetie Sweeties, a whistle shaped, sugar-coated breakfast cereal control consequence. The aftercited (multiplicative representativeial) insist exercise is substance used Qd=6.280P-2.15 A 1.05 N370 where QD = portion insisted, in 10 oz. boxes A=advertising expenditures on daytime television in dollars N =proportion of the population inferior 12 years pristine a. enumerate the top value elasticity of insist control Tweetie Sweeties b. Enumerate the advertising elasticity of insist c. What sense would you afford to the representative of N?

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