Answer:
0.242
Step-by-step explanation:
p = 0.08, q = 1 − p = 0.92, and n = 1000.
The mean and standard deviation are:
μ = p = 0.08
σ = √(pq/n) = 0.00858
The z score is:
z = (x − μ) / σ = -0.70
Using a calculator or z score table, the probability is:
P(Z < -0.70) = 0.242
Answer:
44.55
Step-by-step explanation:
I actually didn't get the right answer and I just edited it right now I'm sorry I dont have an explanation!
Answer: hello your question lacks some data hence I will be making an assumption to help resolve the problem within the scope of the question
answer:
≈ 95 units ( output level )
Step-by-step explanation:
Given data :
P = 2000 - Q/10
TC = 2Q^2 + 10Q + 200 ( assumed value )
<u>The output level where a purely monopolistic market will maximize profit</u>
<u>at MR = MC </u>
P = 2000 - Q/10 ------ ( 1 )
PQ = 2000Q - Q^2 / 10 ( aka TR )
MR = d (TR ) / dQ = 2000 - 2Q/10 = 2000 - Q/5
TC = 2Q^2 + 10Q + 200 ---- ( 2 )
MC = d (TC) / dQ = 4Q + 10
equating MR = MC
2000 - Q/5 = 4Q + 10
2000 - 10 = 4Q + Q/5
1990 = 20Q + Q
∴ Q = 1990 / 21 = 94.76 ≈ 95 units ( output level )
