Illustrate what is total amount of output firm should produc

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Reference no: EM1371139

Q. a) A statistics practitioner drew a random sample of 400 observations and found that x bar = 700 and s = 100. Approximate population mean with 90% confidence.

b) Repeat part a with a 95% confidence level

Q. if a graph contains two separate demand curves, D1 and D2, marginal revenue curve associated with each one MR1 and MR2, a total marginal revenue curve MRt along with marginal cost. Illustrate what is total amount of output firm should produce?

Reference no: EM1371139

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