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Lesechka [4]
3 years ago
8

Jill Johnson owns a pizzeria. She currently produces 10,000 pizzas per month at a total cost of $500. If she produced one more p

izza her total cost rises to $500.11. What does this tell us about Jill's marginal cost of producing pizzas?
Business
1 answer:
jekas [21]3 years ago
4 0

Answer:

Marginal cost is rising.

Explanation:

Given that,

Jill Johnson currently produces = 10,000 Pizzas per month

At a total cost = $500

Marginal cost refers to the cost of producing one more unit of a commodity to satisfy a given want.

Average total cost = $500 ÷ 10,000

                               = $0.05

Here, Marginal cost of producing pizzas is as follows:

= Total cost of producing 10,001 pizzas - Total cost of producing 10,000 pizzas

= $500.11 - $500

= $0.11

Therefore, marginal cost of producing an additional pizza is $0.11 and it is rising, since average total cost is less than marginal total cost and ATC rising.

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For customers purchasing a refrigerator at a certain appliancestore, let A be the event that the refrigerator wasmanufactured in
V125BC [204]

Answer:

Part a : The tree diagram is attached with the solution.

Part b: The probability of P(A∩B∩C) is 0.5519.

Part c: The probability of P(B∩C) is 0.6976.

Part d: The probability of P(C) is 0.7658.​

Part e: The probability of P(A∣B∩C) is 0.7658.​

Explanation:

The solution is as follows.

Data Given is as

P(A) = 0.73

P(B | A) = 0.90

P(B | A' ) =0.76

P(C | A∩B) =0.84

P(C | A∩B' ) =0.65

P(C | A' ∩B) =0.71

P(C | A' ∩B' ) =0.32

Part a:

The remaining values of Probabilities for the tree formation are calculated as follows

P(A')=1-P(A)=1-0.73=0.27

P(B'|A)=1-P(B|A)=1-0.90=0.10

P(B' | A' )=1-P(B | A' ) =1-0.76=0.24

P(C' | A∩B) =1-P(C | A∩B)=1-0.84=0.16

P(C' | A∩B' ) =1-P(C | A∩B' ) =1-0.65=0.35

P(C' | A' ∩B) =1-P(C | A' ∩B) =1-0.71=0.29

P(C' | A' ∩B' ) =1-P(C | A' ∩B' )=1-0.32=0.68

so the probability tree is given as attached in the diagram.

Part b:

P(A∩B∩C)=P(A)P(B∣A)P(C∣A∩B)

From the above data in part a

P(A)=0.73, P(B|A)=0.90 and P(C∣A∩B)=0.84

                =0.73×0.90×0.84

               =0.55188

               ≈0.5519

The probability of P(A∩B∩C) is 0.5519.

Part c

P(B∩C)=P(A∩B∩C)+P(A'∩B∩C)

           = [P(A)P(B∣A)P(C∣A∩B)+{1−P(A)}P(B∣A′)P(C∣A′∩B)]

From the above data

P(A)=0.73,P(B∣A)=0.9,P(C∣A∩B)=0.84,P(B∣A′)=0.76 and P(C∣A′∩B)=0.71

P(B∩C)= [P(A)P(B∣A)P(C∣A∩B)+{1−P(A)}P(B∣A′)P(C∣A′∩B)]

           =(0.73×0.9×0.84)+(1−0.73)×0.76×0.71

           =0.55188+0.145692

           =0.697572

           ≈0.6976

The probability of P(B∩C) is 0.6976.

Part d

P(C)=P(A∩B∩C)+P(A′∩B∩C)+P(A∩B ′∩C)+P(A′∩B ′∩C)

      =P(A)P(B∣A)P(C∣A∩B)+[1−P(A)]P(B∣A′)P(C∣A′∩B)+P(A)[1−P(B∣A)]P(C∣A∩B′)+            

        [1−P(A)][1−P(B∣A′)]P(C∣A′∩B′)

Here from above data

P(A)=0.73,P(B∣A)=0.9,P(C∣A∩B)=0.84,P(B∣A′)=0.76,P(C∣A∩B′)=0.65,P(C∣A′∩B′)=0.32 and P(C∣A′∩B)=0.71

P(C)=P(A)P(B∣A)P(C∣A∩B)+[1−P(A)]P(B∣A′)P(C∣A′∩B)+P(A)[1−P(B∣A)]P(C∣A∩B′)+            

        [1−P(A)][1−P(B∣A′)]P(C∣A′∩B′)

     ={0.7x0.9x0.84}+{(1-0.73)x0.76×0.71}+{0.73x(1-0.9)x0.32}+{(1-0.73)x(1-          

       0.76)x0.32}

     =0.55188+0.145692+0.04745+0.020736

     =0.765758

     ≈0.7658

The probability of P(C) is 0.7658.​

Part e

From part (b),P(A∩B∩C)=0.55188

From part (c), P(B∩C)=0.697572

<em>By  conditional probability rule, </em>

P(A∣B∩C)= P(A∩B∩C)/P(B∩C)

​        = 0.55188/0.697572

              =0.791144

             ≈0.7911

The probability of P(A∣B∩C) is 0.7658.​

​

​

​

6 0
3 years ago
In at least 150 words, examine the elements that might lead to a worker receiving a higher salary. Be sure to provide details an
Elza [17]

Answer:

As salaries are paid to workers by virtue of the work they perform, a factor that can be decisive for a salary increase is none other than a greater or better performance of the tasks that the worker performs.

On the other hand, wages can also rise if the country's minimum wage is raised, or if there is a situation of inflation that renders workers' wages useless over time.

And also, it may happen that the company that pays the worker's salary is in an exceptional situation that implies a salary improvement as a way of rewarding the performance of its workers.

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3 years ago
You can now sell 40 cars per month at $20,000 per car, and demand is increasing at a rate of 3 cars per month each month. What i
MArishka [77]

Answer:

More than $1500 price per car per month has to be dropped.

Explanation:

Given:

price per car = $20,000

car sale per month = 40

rate of increase in demand = 3

Solution:

Revenue R = Price × Quantity = P * Q

From the above given data

P = 20,000

Q = 40

R = P*Q

dQ/dt = 3

We have to find the rate at which the price is to be dropped before monthly revenue starts to drop.

R = P*Q

dR/dt = (dP/dt)Q + P(dQ/dt)  

          = (dP/dt) 40 + 20,000*3 < 0

          = (dP/dt) 40 < 60,000

         = dP/dt < 60000/40

         = dP/dt < 1,500

Hence the price has to be dropped more than $1,500 before monthly revenue starts to drop.

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Answer:

the mind

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Give the human resource and it law​
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