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A small shop sells a variety of smartphones. Suppose we know that the battery life of smartphone a is normally distributed with a mean of 15 hours and a standard deviation of 6.4. also suppose we know that the average battery life of smartphone b is 12 hours with a standard deviation of 4.2. we know that smartphone c has the greatest standard deviation of battery life of 7.5. Twelve hundred of the four thousand customers of the shop use smartphone a. seven hundred fifty of the customers use smartphone b. if we choose 16 smartphone users, what is the probability that their mean battery life will be between 14.5 and 17 hours?
Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by
describe your understanding of externalities by providing an example of a positive externality and a negative
how many units of each product should she buy in order to maximize her utility. Show this utility maximiz- ing combination combination of Pepsi and Coke on the graph. how would her consumption and utility maximizing bundle of Coke and Pepsi change..
A combination of low prices with strong competition by foreign competitors and so-called "legacy costs" of unions are cited as the primary reasons why so many steel companies are filing for bankruptcy. In 2002, as Brownstown Steel Corp.
Suppose the inverse market demand for silicone replacement tips for earbud headphones is p = pN - 0.1Q, where p is the price per pair of replacement tips, pN is the price of a new pair of headphones, and Q is the number of tips per week. Suppose ..
Draw a standard supply and demand diagram which shows the demand for new housing units that are purchased each month, and the supply of new units built and put on the market each month.
on their own firms have little incentive to invest in pollution abating technologies such assmokestack filters a
you have just been hired as the special assistant to the regulatory compliance officer rco at union hospital a large
The price charged to consumers, the average total cost of production and the efficiency of the market outcome
Suppose that rather than the declining demand assumed in Example 2.7, a decrease in the cost of copper production causes the supply curve to shift to the right by 40 percent. How will the price of copper change?
Presume that each firm must make an upfront investment of $1000 to enter the market and t that your competition has already paid this investment and chosen is non recoverable (sunk). Must you make te $1,000 investment and enter the market? If so, how..
Compute the IRR for each alternative
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