Business, 01.08.2019 16:30 Erinkim7608
Suppose the market demand curve for tv remotes is given by the equation qd = 100 – 2p, where p is the price and qd is the number of tv remotes demanded. if the market price of tv remotes is $10, then the quantity demanded equals and the value of consumer surplus is
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Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
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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
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Suppose the market demand curve for tv remotes is given by the equation qd = 100 – 2p, where p is th...
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