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Assume that the relationship between the growth of a fish population and the population size can be expressed as g = 2P - 0.1P, where g is the growth in tons and P is the size of the population (in thousands of tons). Given a price of $50 ton, the marginal benefit of smaller population sizes can be computed as 10P - 200. (a) Compute the population size that is compatible with the maximum sustainable yield. What would be the size of the annual catch if the population were to be sustained at this level? (b) If the marginal cost of additional catches (expressed in terms of the population size) is MC = 2(80 - P), what is the population size that is compatible with the efficient sustainable yard?
For what values of p is a 5-component system more likely to operate effectively than a 3-component system?
The given matrix demonstrate the payoffs for an advertising game between Hilton and the Oriental. The companies can choose to advertise or to not advertise.
Find 95% confidence intervals for the proportion of Tyson packages with contamination and the proportion of Perdue packages with contamination (use 3 decimal places in your answers).
There are 10 flights from Minneapolis to St. Cloud each day. The probability that any one flight is late is 0.05. Using the binomial probability formula, what is the probability that 1 or more are late?
Advanced Micro Devices declared a 10 percent price raise for certain advanced microprocessors, used primarily in video games. The processors will sell for about $1,000 compared to Intel's $950 price.
Figure 10-13 demonstrate the payoff matrix for the only 2-auto dealerships in a community, Jim's Autos and Tim's Autos. The matrix demonstrate the profits that each company would earn from selecting either a low price or a high price.
Nine randomly selected statistics quiz scores are listed below. Use a .10 level of significance to test the claim that the variance of all scores in the population is more than 9. 15,18,10,19,11,12,15,17,15
Pertaining to the matrix need simple and short answers, Find (a) the strategies of the firm (b) where will the firm end up in the matrix equilibrium (c) whether the firm face the prisoner’s dilemma.
Barbara and Juanita, Two basketball players, are best offensive players of the school's team. They know if they work together offensively-feeding the ball to each other,
You have observed the following returns over time. Suppose that the risk free rate is 6 percent and the market risk premium is 5 percent.
Kodak & Fuji develop photographic film. Assume that there are no other significant manufactures, so that Kodak and Fuji constitute a duopoly
Suppose you are planning entering a market serviced through a monopolist. You currently receive $0 economic profits, while monopolist receives $5.
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