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Micro media offer computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micro media is currently planning a two-day seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $600 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9,600. Micro media rents computers for its seminars at a cost of $60 per computer per day. Let the number of student enrolled be represented by “X”. What is a valid mathematical expression for total revenues in this problem?
A state meat inspector in Iowa has been given the assignment of estimating the mean net weight of packages of ground chuck labeled "3 pounds.
If an option existed for an equivalent computer system to be purchased for $810 per month, paid at the end of each month in 2012, should they take this plan instead? Explain Answer!
Illustrate what is the probability that the defense defends the right hand side. Explain in words what the expected outcome will be.
Will John take a dangerous job if he is offered $500 per week? Why or why not? Calculate John's reservation price.
Calculate output, price, total revenue and total profit at revenue maximizing activity level and n at profit maximizing level.
At what quantity of output does marginal cost attain its minimum value? At what quantity does average variable cost equal marginal cost?
Suppose the market for a certain dosage of generic blood thinners has a supply described by P=1.88+2.62Q and a demand described by P=4.74-1.39Q. Calculate the equilibrium quantity?
Explain was the demand for its hamburgers elastic or inelastic. Evaluate the accuracy statement.
Elucidate the fact that the cross-price elasticity of natural gas with respect to the price of fuel oil.
Compare social welfare under the bribe with social welfare in the case where the police officer always abides by the law.
q.assume that over the short run say the next five years demand for opec oil is given by q 57.5 -.5p or equivalently p
what actions would you take to test the hypothesis. Following your test illustrate what actions would you take if the hypothesis must be rejected given the outcome of the test.
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