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sashaice [31]
3 years ago
13

The basic model of pure competition reviewed in this chapter finds that in the long run all firms in a purely competitive indust

ry will earn normal profits. If all firms only earn a normal profit in the long run, firms will develop new products or lower-cost production methods because they can do?
Mathematics
1 answer:
marissa [1.9K]3 years ago
5 0

Answer:

Companies must strive to improve their products and services within the framework of healthy competition.

Step-by-step explanation:

The competition is a situation of companies that compete in a requested market or demanding the same product or service. This implies that companies must strive to improve the balance of normal earnings.

creating new products or new solutions of lower cost. In this sense, if companies can innovate, they can obtain economic gains in the short term, and increase their profits.

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The athletic departments at 10 randomly selected U.S. universities were asked by the Equal Employment Opportunity Commission to
Lesechka [4]

Answer: Mean = 3.5 , median = 2.5, mode = 2, geometric mean = 2.74

Median is the most appropriate measure of central tendency.

The least appropriate = mean

Yes there is an outlier.

Step-by-step explanation:

Given responses : 5, 4, 2, 1, 1, 2, 10, 2, 3, 5.

First arrange them in increasing order, \sqrt[10]{1\times1\times2\times2\times2\times3\times4\times5\times5\times10 }\\\\=\sqrt[10]{24000} \approx2.74

Its sum = 35

Mean of n observations = (Sum of observations) ÷ n

Mean = (35) ÷ 10

=3.5

Here n =10 (even)

Median = average of middle most numbers = \dfrac{2+3}{2}=\dfrac52=2.5

Mode = most repeated number = 2    (thrice)

geometric mean = \sqrt[n]{x_1\times x_2\times.... x_n}

10 is an outlier as it is very large as compare to other numbers.

When outlier is present in data , the median is the most appropriate measure of central tendency.

Mean affected badly by the outlier so it the least appropriate.

4 0
3 years ago
Which is greater, |-6.3| or |-19\20|
MrMuchimi
|6.3| because the lines mean absolute value. Take the positive number values of each number and compare them. 6.3 vs 19/20. 19/20 is 0.95 so 6.3 is bigger.
7 0
3 years ago
an item is regularly priced at 60$ Carmen bought it at a discount of "70 %" off the regular price. How much did carmen play?
densk [106]
Your answer will be 10 dollars.
3 0
2 years ago
Ms. Green tells you that a right triangle has a hypotenuse of 12 and a leg of 5. She asks you to find the other leg of the trian
Anit [1.1K]

let the other leg be x cm.

(5)^2+(x)^2=(12)

25+(x)^2=144

(x)^2=144-25

x=√119

x=10.9

5 0
3 years ago
Read 2 more answers
Find the missing side. Round it to the nearest tenth. ​
drek231 [11]

Answer:

37.3

Step-by-step explanation:

tan63 = opposite/adjacent = x/19

x = 19tan63 = 37.2895 = 37.3

5 0
3 years ago
Read 2 more answers
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