Answer:
d. The firm will minimize its losses by shutting down.
Explanation:
The price multiplied the number of output is the revenue, which is less than the total cost as in this scenario. So this company is always lost.
Lost = number units x (cost – price)
The lost is as high as the number of unit produced.
Given the company do not have any room to improve the profit as it’s producing the profit-maximizing level of output; it’s the best for this firm to shut down.
Answer:
Right now marcantuone and robert gieson ought not be held at risk for what the drycleaner inhabitants did.Because there was no release of perilous substance during their ownership.The chlorinated dissolvable pollution issue right now the aftereffect of dry cleaning activity led preceding the condemnee's acquisition of the property.There was no proof of a release of unsafe substance during the time of condemnee's ownership.The sullying was not found until after the condemner had procured the title to the property in the judgement activity.
As indicated by the spill demonstration the obligation is vested on a condemner who bought debased property and didn't attempt any assessment or examination at the hour of procurement.
Answer:
A: 0.1475 , B: 0.3389
Explanation:
a. Probability Refrigerator purchased from store lasts more than 15 years :
Prob(refrigerator purchase from A) and Prob(refrigerator from A life > 15 years) + .........Prob(refrigerator purchase from D) and Prob(refrigerator from D life >15 years)
(0.40x0.1)+(0.25x0.20)+(0.15x0.05)+(0.20x0.25) = 0.04+0.05+0.0075+0.05 = 0.1475
b. Refrigerator last > 15 years given , Probability it is from B :
[ Prob (B Purchase) . Prob (life > 15, given from B) ] / Prob (Life > 15)
P (B/15) = [P(B).P(15/B)] / [P15] {Bayes Theorum}
= [(0.25)(0.20)] / 0.1475 = 0.05 / 0.1475
= 0.3389