Use the Data Given Below to Answer the Following Question(s)

question 49

Multiple Choice

Use the data given below to answer the following question(s) .
The table provided below gives the sales details of the number of android smart phones at an electronic retail store for the past 6 weeks.The time series appears to be relatively stable, without trend, seasonal, or cyclical effects.The value of k is set at 3.(Hint: Optimize α value.)
$\begin{array}{|c|c|}\hline \text { Week } & \text { Units sold } \\\hline 1 & 88 \\\hline 2 & 44 \\\hline 3 & 54 \\\hline 4 & 65 \\\hline 5 & 72 \\\hline 6 & 85 \\\hline\end{array}$
-What is the forecasted value for the 7th week?

• A)53 phones
• B)84 phones
• C)71 phones
• D)49 phones

Examine the impact of elasticity on labor supply and demand, including the effects of wage changes.

Understand the concept of supply elasticity and how to calculate it using the midpoint formula.

Analyze how elasticity affects government tax revenue and the burden of taxes on producers and consumers.

Recognize the behavioral implications of elasticity in public policy, such as the effectiveness of sin taxes.

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, often attributed to brand reputation, customer relationships, and intellectual property.

Book Value

The value of a company or asset according to its financial statements, calculated as total assets minus intangible assets (patents, copyrights) and liabilities.

Financial Projections

Estimates of future income, expenses, and financial performance, often used for budgeting and investment decisions.

Perceived Risk

The potential for loss or adverse outcomes that consumers or businesses believe exists when deciding on a purchase or investment.