Let Z be a random variable following the standard normal distribution with mean µ = 0 and standard deviation σ = 1.
The 67th percentile of the distribution is the value z that separates the bottom 67% of the distribution from the top 100% - 67% = 33%. In terms of probability, we have
Pr[Z ≤ z] = 0.67
Use the inverse CDF for the normal distribution (or lookup z scores in a table) to find
z = ɸ⁻¹(0.67) ≈ 0.4399
where ɸ(z) is the CDF for the normal distribution.
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.
Learn more bout marginal revenue curve at;
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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.
Because there could be only one piece of merchandise or more than one but that aspect of the question isn't verified so therefore to be safe the answer would be straighten it up and not them
The answer would be adhere is my work
Answer:
false
Explanation:
it means the one who laughs
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