Answer:
We are given that a manufacturer sells a product as $2 per unit.
Quantity = q units
So, Total revenue =
Total revenue =
So, the total revenue function is
Marginal revenue is the derivative of the revenue functions
So, Marginal revenue =
The marginal revenue function is 2
The constant marginal revenue function mean that the revenue earned by the addition of the output is constant.
Step-by-step explanation:
substitute the given value in the standard form equation. it will give you the slope intercept form
Answer:
The decision rule is
Fail to reject the null hypothesis
The conclusion is
There is no sufficient evidence to show that the designer's claim of a better shoe is supported by the trial results.
Step-by-step explanation:
From the question we are told that
The population mean is
The sample size is n = 25
The sample mean is
The standard deviation is
Let assume the level of significance of this test is
The null hypothesis is
The alternative hypothesis is
Generally the degree of freedom is mathematically represented as
=>
=>
Generally the test statistics is mathematically represented as
=>
=>
Generally from the student t distribution table the probability of obtaining to the right of the curve at a degree of freedom of
is
From the value obtained we see that hence
The decision rule is
Fail to reject the null hypothesis
The conclusion is
There is no sufficient evidence to show that the designer's claim of a better shoe is supported by the trial results.