Answer:
We are given that a manufacturer sells a product as $2 per unit.
Quantity = q units
So, Total revenue =
Total revenue =
So, the total revenue function is
Marginal revenue is the derivative of the revenue functions
So, Marginal revenue =
The marginal revenue function is 2
The constant marginal revenue function mean that the revenue earned by the addition of the output is constant.
Answer:
Option 2 - Approximately 24–36 pounds
Step-by-step explanation:
Given : A standard American Eskimo dog has a mean weight of 30 pounds with a standard deviation of 2 pounds. Assuming the weights of standard Eskimo dogs are normally distributed.
To find : What range of weights would 99.7% of the dogs have?
Solution :
The range of 99.7% will lie between the mean ± 3 standard deviations.
We have given,
Mean weight of Eskimo dogs is
Standard deviation of Eskimo dogs is
The range of weights would 99.7% of the dogs have,
Therefore, The range is approximately, 24 - 36 pounds.
So, Option 2 is correct.