3A) Given P=822-30Q2 and MC=12+9Q find the consumer surplus (CS) (Hint: TR to MR and optimum quantity is MR=MC). B) S=200000 e5find the growth rate of S. C) MC=24eQ and FC=72 Find the total cost. D) The probability of waiting in bus station is given with the frequency distribution f(t)= 1/16 t3 find the probability that your waiting time will be between 1 and 2 minutes?

3A) Given P=822-30Q2 and MC=12+9Q find the consumer surplus (CS) (Hint: TR to MR and optimum quantity is MR=MC). B) S=200000 e5find the growth rate of S. C) MC=24eQ and FC=72 Find the total cost. D) The probability of waiting in bus station is given with the frequency distribution f(t)= 1/16 t3 find the probability that your waiting time will be between 1 and 2 minutes?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Related questions

Q: Using the assumption of a uniform distribution of deaths in each year of age and the Illustrative…

A: Hint: The force of interest is δ=log1+i The present value of 1 is v=11+i The formula for an is…

Q: The price of bananas fluctuates on the world market. The prices (S/tonne) for the years 1999-2003…

A: The banana price for the corresponding year is given as follows:YearPrice (in…

Q: Suppose that we estimate a logit model based on an intercept and two explanatory variables A-0.1,…

Q: We have partial time series data for monthly shipping amounts (Y+) and the corresponding exponential…

Q: A study reports data on the effects of the drug tamoxifen on change in the level of cortisol-binding…

A: Let and Its summary is given as follows:.

Q: 16. A bacteria culture in a laboratory has an initial population of 25 000. Five days later, its…

Q: Estimate Af. Use a calculator to compute the error and percentage error. Af = f'(a)Ax f(x) = V1+x a…

Q: A closed rectangular box to contain 16 ft³ is to be made of three kinds of materials. The cost of…

A: Easy to handle two variables rather than three variables, so i substitute by a variables by other…

Q: 77. Simple epidemic. An influenza epidemic has spread throughout a community of 50,000 people at a…

A: Total population =50,000Let y be number of people infected then 50,000-y non infected people

Q: =P(B) =P(A/B) = fnd P (B/A) and P (B/A^) P(A/B) = find P (B/A) and P (B/Aº) %3D

Q: . Suppose that the time T (minutes) between two consecutive visits to a website follows exponential…

Q: 5. A group of doctors are conducting a clinical trial for an experimental cancer drug. The graph…

Q: Two sectors of some economy are Sector 1 and Sector 2. The input-output table involving these two…

A: Given,

Q: Total net shipments of aluminum (in billions of pounds) are approximated by g(x)=16.2+2.86ln(x+1)…

A: A) Total net shipments of aluminum (in billions of pounds) are approximated by g(x)=16.2+2.86ln(x+1)…

Q: 5. A group of doctors are conducting a clinical trial for an experimental cancer drug. The graph…

Q: The value of a computer t years after purchase is V(t) = 2, 000e-0.35t dollars. At what rate is the…

Q: With data from the Social Security Trustees Report for selected years from 1950 and projected to…

A: Given the number of Social security beneficiaries is modeled by: Bt=0.00024t3−00.026t2+1.6t+2.2…

Q: The owners of a discount motel chain are considering building a new motel. Optimistic, pessimistic,…

Q: N (d) = 120(1. 14)* where N(d) represents the number of bees and d represents the number of days…

Question

3A) Given P=822-30Q² and MC=12+9Q find the consumer surplus (CS) (Hint: TR to MR and optimum quantity is MR=MC).

B) S=200000 e⁵find the growth rate of S.

C) MC=24e^Q and FC=72 Find the total cost.

D) The probability of waiting in bus station is given with the frequency distribution f(t)= 1/16 t³ find the probability that your waiting time will be between 1 and 2 minutes?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

You have u= x^(1/2) with x0= $10,000. You can keep this10,000 and gain u = 100 or participate in a game. In this gamble, you can buy a lottery ticket. You might win a prize of 4 million. Lottery operators tell you that there will be N tickets sold. Your chances of winning are π = 1/N. What is the largest number of tickets N that would make you play this game? Briefly explain why N is such a small number. No diagram required.
If a brick is dropped from a height of 27 ft., it’s position after t seconds is given by the function s(t)= -16t^2 + 27. Find the time, guaranteed by the mean value theorem, when the instant velocity of the brick equals its average velocity over the complete fall. (Entry an exact answer.)
10.23. Question. An umbrella-shaped island has a population of 499 healthy people. Alice, who is injected with the T-virus, enters the island on day 0. It is known that anyone infected with the T-virus will become a zombie after 24 hours. Assume that the infected (zombies are considered infected) will spread the virus (through biting) and no one on this island can escape from it. The rate of virus transmission is proportional to the product of the number of infected and non-infected. Thus, if x(t) denotes the number of the infected on day t, then dx dt = kx(500 — x). On day 10, it is observed that 20 people are already infected. Answer the following questions. (a) How many zombies are on the island on day 16? (b) On day 20, how many people are infected but not yet turned into a zombie? (c) A rescue boat with 50 available seats is to be sent to the island. What is the earliest day the boat should be sent to ensure it can rescue all survivors (those not infected)?
A9. If the total benefit function is B = 192M – 4M^2, the total damage function is D = A2, ⍺ = 0.5 and there is no discounting where: M is the level of emissions. A is the stock of the pollutant. ⍺ is the linear decay rate of A a) What are the steady-state levels of M and A? b) Assuming now that we have some discounting and r = 0.2, where r is the social consumption discount rate. What are the new steady state levels of M and A?
I'm working on inflation forecasting with quarterly inflation data for 1960 to 2022 using ARIMA model. The initial data is non-stationary. After the first differencing, based on the results of the p-value, it shows that the data is stationary. Then plot the ACF and PACF after first differencing, as attached pictures.With the graph of ACF and PACF, how can I define p, d, q for my ARIMA (p, d, q) model?Thankyou