Answer:
$700
Explanation:
Given.
X = Number of Computers Sold
p(0) =.1, p(1) =.2, p(2) =.3 and p(3) =.4.
h(x) = Revenue - Cost
Revenue = 1000X + 200(3 - X)
Cost = 1500
So, h(X) = 1000X+ 200(3 - X) - 1500
h(X) = 1000X + 600 - 200X - 1500
h(X) = 800X - 900
The possible range of Computer sold is 0 to 3 (I.e p(0) to p(3))
Hence, we'll solve for h(0) to h(3)
h(0) = 800(0) - 900
h(1) = 0 - 900
h(0) = -900
h(1) = 800(1) - 900
h(1) = 800 - 900
h(1) = -100
h(2) = 800(2) - 900
h(2) = 1600 - 900
h(2) = 700
h(3) = 800(3) - 900
h(3) = 2400 - 900
h(3) = 1500
Calculating E(h(x))
E(h(x)) = p(0).h(0) + p(1).h(1) + p(2).h(2) + p(3).h(3)
So,
E(h(x)) = 0.1 * -900 + 0.2 * -100 + 0.3 * 700 + 0.4 * 1500
E(h(x)) = -90 - 20 + 210 + 600
E(h(x)) = 700
So, E(h(x)) = $700
Answer:
Please refer explanation and attachment
Explanation:
The income statement has been provided in attachment 1 and balance sheet in attachment 2. Unfortunately, due to lack of information such as depreciation, lease details and mortgage payments, the balance could not be tallied. However, all information provided has been used to derive the results shown.
The price of a firm is equal to its marginal cost in both the short and long run. In both the short and long run, price equals marginal revenue. Firms should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.
Note that when we are in long-term equilibrium, we are also in short-term equilibrium. In the long run, P = min(ATC), and the entering firm chooses the set with the lowest ATC. The MC curve intersects ATC at min(ATC), so the same quantity has a price equal to MC.
For a perfect competitor, marginal return equals price and average return. This means that the firm's marginal cost curve is a continuous supply curve with values greater than the average variable cost. If the price falls below the average variable cost, the company will be closed.
In a perfectly competitive market, price equals marginal cost in both the short and long run.
Learn more about the firm here brainly.com/question/15130516
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Answer:
Organic
Explanation:
From the question, we are informed about Xtron who has few rules and procedures and prides itself on empowering lower-level employees to be nimble and responsive to its customers' rapidly changing needs. In this case Xtron would be best described as a organic organization.
Organic organizations, which was set up by Tom Burns and G.M. Stalker arround 1950, organic organization can be regarded as organization that is can be embrace flexibility and have the potential to adapt well to changes, they also have
value external knowledge.
