Answer:
0.0042 is the probability of the stick's weight being 2.33 oz or greater.
Explanation:
We are given the following information in the question:
Mean, μ = 1.75 oz
Standard Deviation, σ = 0.22 oz
We are given that the distribution of drumsticks is a bell shaped distribution that is a normal distribution.
Formula:
P(stick's weight being 2.33 oz or greater)
P(x > 2.33)
Calculation the value from standard normal z table, we have,
0.0042 is the probability of the stick's weight being 2.33 oz or greater.
Since Margo purchase her optimal consumption bundle, the
marginal utility per dollar consumed on dance lessons must be equivalent to the
marginal utility per dollar paid on dance shoes. The marginal utility per
dollar spent on dance lessons is 100 utils per lesson, where $50 per lesson is equivalent
to 2 utils per dollar. The marginal utility per dollar expended on dance shoes
therefore has to equal 2 utils per dollar. Since the marginal utility of a pair
of dance shoes cost 300 utils per pair, the value of a pair of shoes should be
$150 per pair, so that 300 utils per pair/$150 per pair is equal to: 2 utils
per dollar.
Answer: limited partnership
Explanation:
With the description given in the question, the The Fan Base is organized as a limited partnership. A limited partnership has a general partner, whom has an unlimited liability and a limited partner.
A limited partnership is when two or more partners go into business together, and in this case, the limited partners will be liable only up to the amount that they invested in the business.
Answer: The price of the tied good is $27.
Explanation: The practice of tying is used to package products in such a way that the price of the tied (combined) good is closer to the buyers total willingness to pay for the two goods.
In this case, the total willingness to pay of Carnivore is $20+$7=$27
While, that of Leafygreens is $8+$12=$20
Thus, the producer will sell the combined good at $27 as it will give him more revenue.
