Answer:
What is the meeting on? What site?
Explanation:
The attached graph shows the required curves to be drawn. One of the curves is called the Marginal Revenue Curve.
<h3>What is a marginal revenue curve?</h3>
At the market price, the marginal revenue curve is a horizontal line, suggesting completely elastic demand, and it is equal to the demand curve.
Monopoly occurs when one corporation is the exclusive vendor of a distinct product in the market.
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Full Question:
The graph shows the market for smart rackets.
Suppose the profit-maximizing output is 160,000 smart rackets.
Draw the firm's marginal revenue curve. Label it MR.
Draw the firm's marginal cost curve. Label it MC.
Draw a point at the profit-maximizing output and price.
Draw a shape to show the firm's economic profit. Label it.
Meagan should build the cabinets herself only if she has a comparative advantage in the production of cabinets.
<h3>What is
comparative advantage?</h3>
Comparative advantage can be defined as ability of an individual or business firm to produce goods and services at a lower opportunity cost than their rivals or trade partners.
The most important benefit of comparative advantage is that, it gives an individual or business firm the ability to sell their finished goods and services at a lower price in comparison with its close rivals (competitors) or trade partners. Thus, comparative advantage results in stronger sales margins for an individual or business firm.
In conclusion, Meagan should build the cabinets herself only if she has a comparative advantage in the production of cabinets.
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In geometry, the median of the triangle is a line segment that connects between the vertex in the triangle and the midpoint of the side opposite to this vertex.
So, the median is mainly the bisector of a side.
Based on this, since PM is the median of the side NO, then M is the midpoint of NO and the measure of the side MN is half that of NO
The graph of the normal distribution of the random sample size of 24 will have the shape of a bell curve.
The value of k such that P(-2.069 < T < k) = 0.965 is 2.5
<h3>How to determine the value of k?</h3>
The sample size is given as:
n = 24
This means that the degrees of freedom is:
df = n - 1
df = 24 - 1
df = 23
The probability is given as:
P(-2.069 < T < k) = 0.965
This can be rewritten as:
P(T>-2.069) - P(T>k) = 0.965
The value of P(T>-2.069) at a degrees of freedom of 23 and = 0.025 is 0.975
So, we have:
0.975 - P(T>k) = 0.965
Collect like terms
P(T>k) = 0.975 - 0.965
Evaluate the difference
P(T>k) = 0.01
The value of k that makes P(T>k) = 0.01 is 2.5.
So, we have:
k = 2.5
Hence, the value of k is 2.5
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