LexusTM

none

LexusTM #Chat Talk

General Chat

word problem help plz A job placement agency advertised that last year its clients, on average, had a starting salary of $30,000. Assuming that average refers to the mean, which of the following claims must be true based on this information? Note: more than one statement could be true. If none of the statements is true, mark the appropriate box. 1. Last year at least one of their clients had a starting salary of exactly $30,000. 2. Two years ago some of their clients had a starting salary of at least $30,000. 3. Last year at least one of their clients had a starting salary of less than $34,000. 4. Last year fewer than half of their clients had a starting salary of $30,000 or less. 5. Last year some of their clients had a starting salary of

General Chat

Econ help I need help solving this problem because i just cannot figure it out myself. Please! I have only those two left to do! A firm has a monopoly on a new type of gaming console. The market demand is given by P=307.4-0.003*Q and thus marginal revenue is MR=307.4-0.006*Q. The monopolist's marginal cost is MC=4.3+0.001*Q. Calculate the profit-maximizing production quantity. A pharmaceutical firm has a monopoly on a new class of vasodilator. The market demand is given by P=270-0.01*Q, and thus MR=270-0.02*Q. The monopolist's marginal cost is constant and equal to 50. Calculate the profit-maximizing price.

General Chat

last word problem i need help on A weight-loss clinic advertised that last month its patients, on average, lost 6lbs. Assuming that average refers to the mean, which of the following claims must be true based on this information? Note: more than one statement could be true. If none of the statements is true, mark the appropriate box. 1. Last month some of their patients lost at least 6 lbs. 2. Last month more than half of their patients lost at least 6 lbs. 3. Last month some of their patients lost exactly 6 lbs. 4. Last month at least one of their patients lost more than 4 lbs. 5. Two months ago at least one of their patients lost at least 6 lbs. 6. None of the above statements is true. I need help on one more word problem. I dont understa

Show me more!