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A: We have given MR=MC=50 , ATC=40 and p=35
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- 5.q1Two travelers on a plane have identical luggage and each contains an identical plate of rare china. Both plates are worth the same amount and only the two travelers know their true value. The airline loses both bags. The travelers are informed that the airline is liable to compensate them only up to $300. In order to determine an honest appraisal of the value of the plates, each traveler is taken to a separate room and asked to write downquestion has more than one true answer
- ADVERSE SELECTIONSomet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them. What will happen to the costs of the health insurance if only the older, sicker peopleenroll?Pls answer all three question, pls explain the correct option in 5-6 sentences.A property owner is faced with a choice of: A large-scale investment to improve her flats. This could produce a substantial pay-off in terms of increased revenue net of costs but will require an investment of 1.4 million pesos. After extensive market research it is considered that there is a 40% chance that a pay-off of 2.5million will be obtained, but there is a 60% chance that it will be only 800,000 pesos. A smaller scale project to re-decorate her premises. At 500,000 pesos this is less costly but will produce a lower pay-off. Research data suggests a 30% chance of a gain of one million pesos but a 70% chance of being only 500,000 pesos. Continuing the present operation without change. It will cost nothing but neither will it produce any pay-off. Clients will be unhappy and it will become harder to rent the flats out when they become free. What is the best alternative? Use decision tree analysis.
- Previous answer was absolutely incorru31 You see a TV commercial that states that “seven out of ten physicians surveyed prefer the ingredients in pain reliever X to plain aspirin.” You write the company because you are curious about the survey, and to your amazement, you find that the survey was of exactly ten physicians. Suppose the population of physicians was indifferent as to the advertised product and plain aspirin, that is, 50% preferred aspirin and 50% preferred the advertised product. What is the probability that a survey of ten randomly selected physicians would find seven or more who preferred the advertised product? a 0.0619 b 0.1031 c 0.1719 d 0.2265Answer correctly and state proper reason. I will rate with 3 votes.
- Pls select the correct option and answer in 5-6 sentencesAn experiment consists of four outcomes with P(E1) = 0.2, P(E2) = 0.3, and P(E3) = 0.4. The probability of outcome E4 is Group of answer choices 0.900. 0.500. 0.024. 0.100.What is the probability that a waiter will refuse to serve alcoholic beverages to only 2 minors if she randomly checks the IDs of 5 students from among 9 students of which 4 are not of legal age?