Contrast optimal pricing and output decisions
Compare and contrast optimal pricing and output decisions in various market structure.
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Swearingen and McDonald, small furniture manufacturer, produces fine hardwood tables and chairs. Each product should go through three stages in the manufacturing procedure assembly, finishing, and inspection. Each table needs 12 hours of assembly,
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A suburban specialty restaurant has developed the single drive-thru window. Customers order, pay, and pick up their food at the same window. Arrivals follow a Poisson distribution while service times follow an exponential distribution.
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Discuss how the notion of union and intersection apply to retrieving records in databases. Give an example of 2 sets that might appear in a database to help in your description.
R is the relation of positive integers N that meet R={(x,y) | x + 3y = 12}. Represent R as a set of ordered pairs. Represent R in set form (domain and range). Compute R^-1, R%u0305 and R o R (represent the composition in matrix form).
A sample of 64 "AAA" Alkaline batteries has mean life of 7 months. The standard deviation of the population is known to be 2 months. Find the 95% confidence interval of the popualtion mean life of "AAA" Alkaline batteries?
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