B is equal to the number 24.
This suggests that he buys products with higher prices than other similar products. But this type of market(monopolistic competition) is great though, because there are lesser suppliers than in the pure competition where products are almost within the same price ranges. In a monopolistic competition, suppliers sell their products with a justifiable high price. This is also an advantage for the buyers, they would be able to consume and be satisfied with products of high quality.
Answer:
that is what it would look like
Hope it helps!❤❤
Answer:
Step-by-step explanation:
G(3)= 6+9-2=13
Answer: (a) 0.006
(b) 0.027
Step-by-step explanation:
Given : P(AA) = 0.3 and P(AAA) = 0.70
Let event that a bulb is defective be denoted by D and not defective be D';
Conditional probabilities given are :
P(D/AA) = 0.02 and P(D/AAA) = 0.03
Thus P(D'/AA) = 1 - 0.02 = 0.98
and P(D'/AAA) = 1 - 0.03 = 0.97
(a) P(bulb from AA and defective) = P ( AA and D)
= P(AA) x P(D/AA)
= 0.3 x 0.02 = 0.006
(b) P(Defective) = P(from AA and defective) + P( from AAA and defective)
= P(AA) x P(D/AA) + P(AAA) x P(D/AAA)
= 0.3(0.02) + 0.70(0.03)
= 0.027
