Answer:
The total revenue equation is TR=50Q
The total cost equation TC=2304+14Q
Equilibrium quantity is 64
Step-by-step explanation:
The total cost function can be written TC=a+bQ, where TC is the total cost ,a fixed cost ,b is the variable cost per unit and Q the quantity produced
Revenue function can be given TR=P*Q, where TR is total revenue,P is the price per unit and Q quantity sold
since P is $50
TR=50P
when TC=$3564,
3564=a+90Q equation 1
when TC=$5944
5944=a+260bequation 2
Solving simultaneously,we subtract equation 1 from 2
5944=a+260b
3564=a+90b
2380=170b
b=2380/170
b=$14
We substitute for b in any of the equations
3564=a+(14*90)
3564=a+1260
a=3564-1260
a=2304
Hence the total cost equation is
TC=2304+14Q
At equilibrium TC =TR
50P=2304+14Q
50P-14Q=2304
36Q=2304
Q=64
Answer:
μ = 1.3468
Step-by-step explanation:
Given data:
Observations
0.85
0.88
0.88
1.06
1.09
1.12
1.29
1.31
1.42
1.49
1.59
1.62
1.65
1.71
1.76
1.83
sum of the observations = 21.55
now,
the total number of the given data, n = 16
now, the mean is given as:
Mean = (Sum of all the observation) / (Total number of observations)
on substituting the values in the above formula, we get
Mean = 21.55 / 16
or
Mean = 1.3468
Since, it is given that the data follows normal distribution.
thus, the normal mean can be used as the point of estimator (μ)
i.e μ = 1.3468
Answer:i knew it but it wont come to my brain but if it dose i will text u then tell
Step-by-step explanation:
<span>-4p-7=5p+11
-4p - 5p = 11 + 7
-9p = 18
p = -2</span>
Answer:960
Step-by-step explanation:
Just add the living expenses together.
