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A competitive firm is choosing an output level to maximize its profits in the short run. Which of the following is not necessarily true? (Assume that marginal cost is not constant and is well defined at all levels of output.)
a. Marginal cost is at least as large as average variable cost.
b. Total revenues are at least as large as total costs.
c. Price is at least as large as average variable cost.
d. Price equals marginal cost.
e. The marginal cost curve is rising.
Assume that you contribute $190 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $290 per month for another 20
It has been argued that distribution of an arbitrary gust velocity is exponential and hence a rapid convergence to the Type I asymptotic distribution
In the business world, the mean salary is often to describe the salaries of employees of a company. However, the median salary may be a better measure of the salaries than the mean. Which is the better measure of central tendency? Why
Was this a survey, an observational study, or an experiment? How can we tell?- Identify the variables.- What does increased significantly mean in a statistical sense?
Let X1, ..., Xn be i.i.d. binary random variables with P(Xi = 1) = p ? (0, 1).
The sample mean and standard deviation are 37 and 32 respectively.
during a busy period at an airport planes arrive at an average rate of 10 an hour. what is the probability distribution
an irate customer called dollar day mail order company 40 times during the last two weeks to see why his order had not
To estimate a population parameter (such as the population mean or population proportion) using a confidence interval first requires one to calculate the margin
The following is a set of data from a sample of n=11 items. Complete parts? (a) through left parenthesis (c).
Crude oil is pumped at a rate of 100,138 kg/h from a point 255 meters below the earth's surface to a point 30 meters above ground level. Calculate the attendant rate of increase of potential energy in kW.
Assume that 5% of men and only .25% of women are colorblind. A colorblind person is chosen at random:
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