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pochemuha
2 years ago
5

If the complement of a probability p'(x) = 0.25, what is the probability

Business
1 answer:
professor190 [17]2 years ago
3 0

The answer is 0.75.

When taking the compliment, remember it is always of the form :

<u>1 - p'(x) or 1 - p(x)</u>

Hence,

  • 1 - 0.25
  • 0.75
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Item 12 A production department's output for the most recent month consisted of 10,500 units completed and transferred to the ne
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Answer:

Total equivalent units= 16,800

Explanation:

Giving the following information:

Beginning inventory= 1,100 units 80% complete

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3 years ago
Refer to the above data. At its profit-maximizing output, this firm's total revenue will be:______
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Answer:

The question is incomplete. The complete is given below

OUTPUT PRICE MR TC MC

1                  100         100 100 30

2                     90 80 63 26

3                    80 60 52.67 32

4                     70 40 49.5 40

5                    60 20 49.6 50

6                      50 0 50 52

7                    40 -20 52.29 66

8                    30 -40 55.75 80

9                    20 -60 60.67 100

The total revenue is $280

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Profit is maximized at the level of output where marginal revenue (MR) is equal marginal cost (MC).

Marginal revenue is the extra revenue made from selling one additional unit of a product. It is the increase in total revenue as result of selling one more unit. It is given in the third column above.

Marginal cost: It is the increase in total cost as a result  of producing extra one unit- it is given in the last column

Profit maximizing-output: The optimal level of output where marginal revenue is equal to marginal cost. It is the ascertained to be 4 under the first column above. At this level  MR $40 = MC $40

Profit maximizing price:  The selling price at the profit-maximizing output. It is $70 here.

Total revenue that maximized profit= profit-maximizing price × Profit maximizing-output

$70 × 4= $280

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