A process filling small bottles with baby formula has a target of 3 ounces ± 0.15 ounce. Two hundred bottles from the process were samples. The results showed the average amount of formula placed in the bottles to be 3.042 ounces. The standard deviation ofthe amounts was 0.034 ounce. Determine the value of Cpk. Does it meet the 3-sigma quality control standard?

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.