Help please Brainiest answer will be given
1 answer:
You might be interested in
Answer:
121
Step-by-step explanation:
Given data as per the question
Standard deviation = = 840
Margin of error = E = 150
Confidence level = c = 95%
For 95% confidence, z = 1.96
based on the above information, the minimum number of clients surveyed by the travel agent is
= 120.47
= 121
hence, the 121 number of clients to be surveyed
Therefore we applied the above formula to determine the minimum number of clients
Answer:
The monopolist's net profit function would be:
Step-by-step explanation:
Recall that perfect price discrimination means that the monopolist would be able to get the maximum price that consumers are willing to pay for his products.
Therefore, if the demand curve is given by the function:
P stands for the price the consumers are willing to pay for the commodity and "y" stands for the quantity of units demanded at that price.
Then, the total income function (I) for the monopolist would be the product of the price the customers are willing to pay (that is function P) times the number of units that are sold at that price (y):
Therefore, the net profit (N) for the monopolist would be the difference between the Income and Cost functions (Income minus Cost):