Illustrate what is the probability that a brook trout length

Assignment Help Business Economics
Reference no: EM1361018

Q. You are manager of a monopoly, and your demand and cost functions are given by P = 200 - 2Q and C(Q) = 2000 + 3Q2. What price-quantity combination maximises your firm's profits?

Q. The length of a Colorado brook trout is normally distributed. (a) What is the probability that a brook trout's length exceeds the mean? (b) Exceeds the mean by at least 1 standard deviation? (c) Exceeds the mean by at least 2 standard deviations? (d) Is within 2 standard deviations?

 

Reference no: EM1361018

Questions Cloud

Find value for the office complex : Suppose you are planning the purchase of a small office complex that will generate a gross rents of $600,000 per year. Because of long-term leases, rental income is not expected to change over the next twenty years
Illustrate what effect would this have on her dress price : Illustrate what effect would this have on her dress price in the short run, assuming she is following the rules of profit maximizes.
How far apart are the fringes in the center of the pattern : A parallel beam of light from a He-Ne laser, with a wavelength of 662nm, falls on two very narrow slits 0.050 mm apart. How far apart are the fringes in the center of the pattern if the screen is 2.5m away.
Stress management proposal : Describe a stress management technique to try and decribe in reducing stress. Would you be inclined to use that technique again? Would you recommend it to others?
Illustrate what is the probability that a brook trout length : The length of a Colorado brook trout is normally distributed. Illustrate what is the probability that a brook trout's length exceeds the mean.
Compute the present value of stock : The Ectoplasto Drug Corporation's common stock is considered highly speculative. Security analysts think that over next year 4 possible outcomes are possible for corporation's research program.
Explain the company specializes in compact washers : Explain The company specializes in compact washers and dryers for countries where consumers have less living space
Comparison between two personality types : How much good scientific support is there for the idea that there are two types of people - ambitious aggressive type As and mellow get-to-it later type Bs?
How long will it take until the cars speed : A bat flying in a cave emits a sound and receives its echo 0.37s later. How far away is the cave wall? (Hint: The sound has to travel to the wall and then back again. Use 340 m/s for the speed of sound.)

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd