Q1. At the start of the movie a bug's life, illustrate what are the resources of Ant Island? Illustrate what resource do they lack most of all? Illustrate what changes in the Ants' resources do we see through the film? Are the Grasshoppers commercial talent and they are just annoying?
Q2. Demand for a product is estimated to be Q=960-1.2P+1.4Y+0.003A. Average annual sale also price is 60000 units also $8000 respectively.
Illustrate what is the price elasticity of demand, income elasticity of demand, advertising elasticity of demand also Illustrate what is the optimum level of advertising for the firm.