Max, a corn farmer, must choose whether or not to add fertilizer to his crops. if he adds 1 pound of fertilizer per acre, at harvest the value of his corn crop will increase from $75 to $100 per acre. using marginal analysis, max should add fertilizer only if the cost of fertilizer is
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Business, 22.06.2019 10:30
True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.
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Business, 22.06.2019 16:30
:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?
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Business, 22.06.2019 19:40
You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?
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Business, 22.06.2019 19:50
Aproduction line has three machines a, b, and c, with reliabilities of .96, .86, and .85, respectively. the machines are arranged so that if one breaks down, the others must shut down. engineers are weighing two alternative designs for increasing the line’s reliability. plan 1 involves adding an identical backup line, and plan 2 involves providing a backup for each machine. in either case, three machines (a, b, and c) would be used with reliabilities equal to the original three. a. compute overall system reliability under plan 1. (round your intermediate calculations and final answer to 4 decimal places.) reliability b. compute overall system reliability under plan 2. (round your intermediate calculations and final answer to 4 decimal places.) reliability c. which plan will provide the higher reliability? plan2plan1
Answers: 3
Max, a corn farmer, must choose whether or not to add fertilizer to his crops. if he adds 1 pound of...
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