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goblinko [34]
2 years ago
9

The graph below summarizes the demand and costs for a firm that operates in a monopolistically competitive market. Instructions:

Use the nearest whole numbers on the graph when calculating numerical responses below.
SAT
1 answer:
Lapatulllka [165]2 years ago
4 0

The summary of the demand and costs for a firm that operates in a monopolistically competitive market.

  • 1) 7 units at MC=MR
  • 2) $ 130 D value at 7 unit
  • 3) (130-110)*7=$140 Q*(D-ATC) D  ATC values are at q=7

<h3>What is a competitive market.?</h3>

Generally, the equation In a competitive market, neither a single customer nor a single manufacturer can have a significant impact on the market. Its reaction to supply and demand changes as seen by the supply curve, which depicts the amount of a good

In conclusion,  the summary of the demand and costs for a firm that operates in a monopolistically competitive market.

1) 7 units at MC=MR

2) $ 130 D value at 7 unit

3) (130-110)*7=$140 Q*(D-ATC) D

ATC values are at q=7

Complete question

The graph of the question is attached below

Read more about the competitive market.

brainly.com/question/15143240

#SPJ1

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The average waist size for teenage males is 29 inches with a standard deviation of 1. 4 inch. If waist sizes are normally distri
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Using the normal distribution, it is found that 0.0764 = 7.64% of teenagers who will have waist sizes greater than 31 inches.

<h3>Normal Probability Distribution</h3>

In a normal distribution with mean \mu and standard deviation \sigma, the z-score of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

  • It measures how many standard deviations the measure is from the mean.
  • After finding the z-score, we look at the z-score table and find the p-value associated with this z-score, which is the percentile of X.

In this problem:

  • The mean is of \mu = 29.
  • The standard deviation is of \sigma = 1.4.

The proportion of teenagers who will have waist sizes greater than 31 inches is <u>1 subtracted by the p-value of Z when X = 31</u>, hence:

Z = \frac{X - \mu}{\sigma}

Z = \frac{31 - 29}{1.4}

Z = 1.43

Z = 1.43 has a p-value of 0.9236.

1 - 0.9236 = 0.0764.

0.0764 = 7.64% of teenagers who will have waist sizes greater than 31 inches.

More can be learned about the normal distribution at brainly.com/question/24663213

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