Answer:
1. 1/80 = 0.0125
2. 1/2 = 0.5
3. 280
4. 23.09
5. 1/2 = 0.5
Step-by-step explanation:
1. height of probability density function

= 0.0125
2. probabilty that you will win the auction given a bid of 280
= 
3. mean secret service price

4. the standard deviation of the above
= (320-240)/12^1/2
= 23.09
5. with a new bid of 300 dollars, probability you will win auction
= [(300-280)/(320-240)]/[(320-280)/(320-240)
= (20/80) / (40 /80)
= 0.25/0.5
= 0.5
Answer:
i am sure its the length of two sides
Answer:
yes me I want to be ur bf I'm lonely
Answer:
(a) The daily total revenue realized from the sale of 210 units of the toaster oven is $6,195.
(b) The additional revenue realized when the production (and sales) level is increased from 210 to 310 units is $1,400.
Step-by-step explanation:
The marginal revenue gives the actual revenue realized from the sale of an additional unit of the commodity given that sales are already at a certain level. The derivative <em>R'</em> of the function <em>R</em> measures the rate of change of the revenue function.
We know that the daily marginal revenue function is given by

(a) To find the the daily total revenue you must:
- Integrate the daily marginal revenue function,
,
where C is a constant.
- Find the value of C, using the fact that if you sell 0 units your daily revenue is $0.


The daily total revenue realized from the sale of 210 units of the toaster oven is
x = 210 units

(b) To find the additional revenue realized when the production (and sales) level is increased from 210 to 310 units you must:
- Find the daily total revenue realized from the sale of 310 units

The additional revenue realized when the production (and sales) level is increased from 210 to 310 units is
