What is the probability that a randomly selected automobile manufactured by the company has a defective microprocessor
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An automobile manufacturer obtains the microprocessors used to regulate fuel consumption from three
microelectronic firms: A, B and C. The quality control department of the company has determined that 1% of the
microprocessors from A are defective, 2% of those from B are defective and 1.5% of those from C are defective.
Firm A supplies 45%, Firm B supplies 25% and Firm C supplies 30% of the microprocessors.
What is the
microprocessor?
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- A local electricity company produces and distributes electricity to residential customers. The firm is a monopoly and it is regulated such that p = MC. The firm faces the following demand function: p = 800 – 2g and its total cost function is: C = 22500 + 200g + q². a) Find the deadweight loss that would result if this company was allowed to operate as a profit maximizing firm, compared to the situation under regulation. b) Calculate the Lerner index of Monopoly Power at the profit maximizing point.Johnson Industries received a contract to develop and produce four high-intensity longdistance receiver/transmitters for cellular telephones. The i rst took 2,000 labor hours and $39,000 worth of purchased and manufactured parts; the second took 1,500 labor hours and $37,050 in parts; the third took 1,450 labor hours and $31,000 in parts; and the fourth took 1,275 labor hours and $31,492 in parts.Johnson was asked to bid on a follow-on contract for another dozen receiver/transmitter units. Ignoring any forgetting factor effects, what should Johnson estimate time and parts costs to be for the dozen units? (Hint: There are two learning curves—one for labor and one for parts.)The 2019-2020 flu season was especially tough.By the end of the season, an estimated total of 49 million people in the United States had contracted the flu, of whom an estimated 79,000 died from the flu. Assume that the US population was 300,000,000 during the 2019-2020 flu season and that during the season, a total of 2.9 million Americans died from all causes (including the flu). Assume the population of the US remained the same at the midpoint of the season. Report mortality rates per 100,000. Be sure to express the measure in the correct format. c.What was the flu-related mortality rate during the 2019-2020 flu season? d.What is the all-cause mortality rate during the 2019-2020 flu season? e.In a country with an age distribution that is much younger than in the US, the proportionate mortality rate from flu in 2019 was 5%. Based on this information alone, can we determine that the risk of dying from flu in 2019 was higher in this country compared to the US? Why or why not?
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