Equilibrium price and quantity

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Reference no: EM135553

Q1. Find the equilibrium price and quantity after the shift of the supply curve.

Q2. A machine used to cereal boxes dispenses, on the average, ounces per box. The manufacturer wants the actual ounces dispensed Y to be within 1 ounce of at least 75% of the time. What is the largest value of , the standard deviation of Y , that can be tolerated if the manufacturers objectives are to be met?

Reference no: EM135553

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