Answer:
Market price = $2, profit = $0
Product differentiation
Increase profit
Explanation:
The market price will be $2, since the two firms will compete against each other, then the ori e falls to the marginal cost of $2
Product differentiation refers to the distinction made in a market whereby mostly similar products are produced. The variation or distinction made by different producers is usually used to influence consumer decision. The inscription of iguana made on the chest of iz and odd's t-shirt brand is to differentiate its product from that of Ralph and Lauren.
The Economic reason which could have likely sparked iz and odd's decision to put Iguana on its t-shirt brand is to give consumers something a bit more different from their usual design, thereby enticing more customers and ultimately increase profit.
Answer:
The probability that the sample mean is less than $56,000 is 0.0375.
Explanation:
Let <em>X</em> = teacher's salary in Connecticut.
The random variable <em>X</em> follows a Normal distribution with parameters <em>μ</em> = $57,337 and <em>σ</em> = $7,500.
A random sample of <em>n</em> = 100 teacher's salaries are selected.
The sample mean of every sample of 100 salaries will follow a normal distribution with mean <em>μ</em> and standard deviation <em>σ</em>/√n.
Compute the probability that the sample mean of the 100 salaries is less than $56,000 as follows:
*Use a <em>z</em>-table for the probability.
Thus, the probability that the sample mean is less than $56,000 is 0.0375.
Output hardware, you could have the best computer ever but it's not much good without a monitor...
I dont know but yeah hope you find the answer
The maximum daily profit for the company is $860
<h3>
What is an inequality</h3>
Inequality is an expression that shows the non equal comparison of two or more variables and numbers.
Let x represent the number of bed and y represent the number of pillow, hence:
4x + 2y ≤ 40 (1)
Also:
2x + 4y ≤ 32 (2)
From the graph, the solution is at:
(8, 4)
Profit = 80x + 55y = 80(8) + 55(4) = $860
The maximum daily profit for the company is $860
Find out more on inequality at: brainly.com/question/24372553
