There are quite a few reasons that this difference could be
observed. The lower black median age could be connected to the greater number
of births in the black minority group than in the whites. Another reason could
be the aging of the non-Hispanic white group to a post child-bearing age and consequently
the general aging of this subgroup of the population. In general, differences
in group medians are due to the distribution of ages and the observed range of
the ages in the two dissimilar population groups.
Answer:
- Under Single Price Monopoly, absolute surplus is not maximized.
- The profit-maximizing efficiency in Perfect Price Discrimination is correlated with no extra weight loss
- Barefeet generates quantity less than the productive quantity of boots in single-price Monopoly.
Explanation:
A single-price monopoly is a corporation, who must sell every unit of its production to all its consumers for the same rate. so there is no way to maximize surplus.
A price-discriminating monopoly is a corporation able to sell various units of a product or service at various price points. Therefore, by adjusting their prices they have opportunities to increase their income.
Answer:
Scenario R(%) P ER R - ER (R - ER)2 (R - ER)2.P
Optimistic 16 0.15 24.0 -17.2 295.84 44.376
Most-likely 12 0.60 7.2 -21,2 449.44 269.664
Pessimistic 8 0.25 2.0 -25.2 635.04 158.760
ER 33.2 Variance 472.80
Standard deviation of the return
= √472.80
= 21.74%
Explanation:
The expected return is the product of return and probability. The total expected return is the aggregate of individual expected return. R - ER is the difference between individual return and total expected return. Variance is (R - ER) raised to power 2 multiplied by probability.
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