Analyze the demand function for Cuisine Tech Inc.'s (CTI) deluxe microwave.

Q_H= 60000 -40P_H+ 20P_C+ 5H + .1I_H+ .0001A_H

_?

Analyze the til-and function for Cuisine Tech Inc}: (CIT) deluxe microwave. Q" - tillllllll 4|an + Ilch + 5H + .1111 + .lllllllthn l. Characterize this function by circling all in the following list that are applicable: univariate, bivariate, multivariate, linear, exponential, logarithmic, curvilinear, 1' degree, 1\"\" degree, 3'\" degree, additive, multiplicative, linearly homogeneous 2. What is the numerical value of the partial derivative of the function with respect to the price ofa competing brand [ch (be sure to also include the + or- gn; Note: Do not include the symbol for this partial derivative]? 3. Write the mathematical symbol representing the coefficient oftdvertising expenditures {Au}? [the numegaL III]; of this coefficient is +D.Dtll, but the answer is to be the symlll representing this partial derivative}. 4. Amuming there is a $1tilt'r decrease in the price of Cuisine Tech's ovens (PH), what will he the direction and the amount of the change in the quantity demanded {QR}? (give the numerical value of it, too}?I 5. Are CT] ovens a normal or an inferior good? 1What feature of the function tells you? .5_ Explain in words what the intercept [which is sauna} includes or does not include. '1. Assuming the average annual family income ofETI customers (lg: decreases by 31000, how will the demand forETl ovens change [give the numerical value ofit, too]? E. Assuming your advertising expenditures (All) are decreased by EMDDU, how will the demand for CT] ovens change (give the numerical value ofit, too]? 9. [f the number of two income households {H} doubles from 5 million to 1D million, what change in demand for Cuisine Tech ovens will there he (give the direction and numerical value of the change}? It]. What one variable in the Cuisine Tech demand function CANNDT cause a change in demand because a change in it will cause a change in the quantityr demanded. ofovcns':|