Answer:
Demand curve for a perfectly competitive firm is perfectly elastic because the perfectly competitive firm can sell any quantity it desires at the prevailing market price. A perfectly competitive firm's demand curve is horizontal line which is equal to equilibrium price of the entire market. Horizontal demand curve depicts that the elasticity of demand for the product is perfectly elastic which means that if any individual firm charged a price a little above market price, it will not sell any products.
The demand curve for monopolistically competitive firm is less elastic than that for a perfectly competitive firm and it slopes downward. This is because this firm can raise its price without losing all of its customers or it can lower the price and gain more customers. These firms have a limited capability to impose the price of its goods. By distinguishing its products, firms in a monopolistically competitive market make sure that its products are imperfect replacement for each other. Consequently, business that works on its branding can raise its prices without endangering its consumer base.
Your answer would be $1.89
You take 11.34 and divide it by 6. After that you’ll be 1.89 as your unit price.
1.89 is how much for 1 pound
I think the answer is A.
So, when you are first given a set of data, order the numbers from least to greatest:
3, 4, 4, 5, 5, 5, 6, 6, 6, 8, 8, 8, 8, 9, 10, 10
Now we have to find the median...
3, 4, 4, 5, 5, 5, 6, (6, 6) 8, 8, 8, 8, 9, 10, 10
There is an even amount, so we have to add the 2 numbers in the middle and then divide by 2 to get the median. 6 + 6 = 12 /2 = 6
6 is the median. Now we have to find our minimum, maximum, and quartiles.
(3, 4, 4, (5, 5), 5, 6, 6) (6, 8, 8, (8, 8), 9, 10, 10)
Min= 3 , 1st quartile = 5, 2nd Quartile ( Median ) = 6 , 3rd Quartile = 8, Maximum = 10.
So you would plot the dots and connect the lines and make the box!
Hope this helps!
