Answer:
.6692
Explanation:
526 out of 786 chips meet the requirement. Probabilities are usually expressed as a decimal number between 0->1: 526/786 = .6692
I think the answer is Twelve years
A profit maximizing monopoly's total revenue is equal to; (P₃ - P₀) * Q₂
<h3>How to interpret Monopoly Curve?</h3>
Pure monopoly can raise the market price indefinitely due to the fact that the market structure is characterized by a single seller or manufacturer, selling a particular product in the market.
In a pure monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. He enjoys the power of setting the price for his goods. This in-turn leads to the customers being at the mercy of the seller.
In the attached image which shows the cost and revenue structure for a Monopoly Firm Cost And Revenue($) and we see that, curve A is the demand curve, Curve B is the marginal revenue curve, curve C is the marginal cost curve and curve D is the average total cost curve.
Thus, a profit maximizing monopoly's total revenue is equal to;
(P₃ - P₀) * Q₂
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Time Series analysis can be useful to see how a given asset, security or economic variable changes over time. Examples of time series are heights of ocean tides, counts of sunspots, and the daily closing value of the Dow Jones Industrial Average.
The binding agent for all tempera paints is egg.
<h3>What is a binder?</h3>
A binder can be defined as a substance that causes pigment particles to adhere (stick) to one another and remain attached to the surface of a painting.
In painting, eggs are generally used as the binding agent for all tempera paints.
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