There is a 7.4% probability that the first marble will be green and the second will be red.
To calculate the probability, you will need to use the following formula:
P(A and B) = P(A) x P(B).
In this case, P(A) is the probability of picking a green marble on the first pick and P(B) is the probability of picking a red marble on the second pick. Using this formula,
we get P(A and B) = 333/999 x 222/998 = 0.074,
which is the probability of picking a green marble on the first pick and a red marble on the second pick.
So, there is a 7.4% chance of this happening.
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Find the scale factor of quad JKLM to quad ABCD
Answer:
1:8 or 1/8
Step-by-step explanation:
That's your answer.....
what is the answer to the question 7b -15 = 5b - 3
Answer:
b = 6
Step-by-step explanation:
7b - 15 = 5b - 3
7b = 5b + 12 Add 15 to both sides
2b = 12 Subtract 5b from both sides
b = 6 Divide 2 from both sides
Answer:
\(b = 6\)
Step-by-step explanation:
1.) We need to manipulate the equation to get b by itself.
2.) Subtract 5b from each side. Combine like terms. Add 15 to each side. Combine like terms. Divide each side by 2. Simplify.
Apply the tangent plane approximation to find h(4.001,0.997) where h(x,y)=x^3+2xy. h(4.001,0.997)?
The tangent plane approximation at h(4.001,0.997) is 72.026, where h(x, y) = x³ + 2xy.
Plane is h(x, y) = x³ + 2xy.
Substitute the value of x and y in the plane
h(4, 1) = (4)³ + 2(4)(1)
h(4, 1) = 64 + 8
h(4, 1) = 72
Partial Differentiation with respect to x
hₓ = ∂h/∂x
hₓ = 3x² + 2y
at (4, 1)
hₓ = 3(4)² + 2(1)
hₓ = 3(16) + 2
hₓ = 48 + 2
hₓ = 50
Partial Differentiation with respect to x
\(h_{y}\) = ∂h/∂y
\(h_{y}\) = 2x
at (4, 1)
\(h_{y}\) = 2(4)
\(h_{y}\) = 8
tangent plane is
z = h(4, 1) + hₓ(x - x₀) + \(h_{y}\)(y - y₀)
z = 72 + 50(x - 4) + 8(y - 1)
z = 72 + 50x - 200 + 8y - 8
z = 50x + 8y - 136
at (x, y) = (4.001, 0.997)
z = 50(4.001) + 8(0.997) - 136
z = 200.05 + 7.976 - 136
z = 72.026
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describe y as the sum of two orthogonal vectors, x1 in span{u} and x2 orthogonal to u.
To describe y as the sum of two orthogonal vectors, x1 in the span{u} and x2 orthogonal to u , we follow two steps procedure:
1.First, find a vector x1 in the span{u} that is the projection of y onto u. To do this, use the formula:
x1 = (y • u / ||u||^2) * u, where • represents the dot product and || || represents the magnitude of the vector.
2.Next, find the vector x2 that is orthogonal to u. Since y can be represented as the sum of x1 and x2, you can find x2 by subtracting x1 from y:
x2 = y - x1
3.Now, you have y as the sum of two orthogonal vectors x1 and x2, with x1 in the span{u} and x2 orthogonal to u.
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The cost of 3 shirts and 2 trousers are £155. Every trouser cost £10 more than a shirt. What is the cost of every shirt?
(Explain how to lay out the bar model)
Answer:
Step-by-step explanation:
X = shirts
Y = trousers
3x + 2y = 155
Now
y + 10 = x
Make y + 10 = x equal y
-10. -10
y = x - 10
Replace y with this equation in our other equation.
3x + 2(x - 10) = 155
Do the math:
This equals x = 35
Now put x = 35 in the other equation
Y + 10 = 35
Do the math:
y = 25
$35 per shirt
$25 per trousers
Now for the bar model, the total is 155
Make a fraction of 35/155
Make a long bar. Split it into 5 parts.
Label three parts 35 and two 25
Make the 35 parts slightly bigger.
It should look like this
a quter of 30 is=
pleas help
Answer:
7.5
Step-by-step explanation:
If 'quter' is quarter, then 30(1/4) is 7.5
A quarter of 30 is 7.5
All you gotta do is divided 30 by 4 cause a quarter is half of the half. It's the 1/4th part of the whole.
William has finished 40 of his 50 problems for math homework. What percent of his homework is finished?
A toy box in the shape of a rectangular prism has a volume of 6,912 cubic inches. The base area of the toy box is 288 square inches. What is the height of the toy box?
Answer:
h= 24 inches
Step-by-step explanation:
(Volume)= (Base Area) * (Height)
6,912= 288h
h=
The box plot represents the number of tickets sold for a school dance.
A horizontal line labeled Number of Tickets sold that starts at 8, with tick marks every one unit up to 30. The graph is titled Tickets Sold for A Dance. The box extends from 17 to 21 on the number line. A line in the box is at 19. The lines outside the box end at 10 and 27.
Which of the following is the appropriate measure of variability for the data, and what is its value?
The IQR is the best measure of variability, and it equals 17.
The range is the best measure of variability, and it equals 4.
The IQR is the best measure of variability, and it equals 4.
The range is the best measure of variability, and it equals 17.
Therefore, the correct answer is: "The IQR is the best measure of variability, and it equals 4."
What is variable?In mathematics, a variable is a symbol or letter that represents a quantity that can vary or change. Variables are used to express mathematical relationships and to represent unknown values.
For example, in the equation "y = 2x + 3", "x" and "y" are variables. "x" represents an unknown value that can vary, while "y" represents the output value that is dependent on the input value of "x".
Variables can take on different values depending on the context of the problem being solved. In algebra, variables are commonly used to solve equations and to represent unknowns in formulas.
It's important to note that variables are not the same as constants, which are values that remain fixed throughout a mathematical expression or equation.
by the question.
The appropriate measure of variability for the data represented by the box plot is the interquartile range (IQR). The IQR is a measure of the spread of the middle 50% of the data, and it is calculated as the difference between the third quartile (Q3) and the first quartile (Q1). In this case, the box extends from 17 to 21, with a line at 19, which means that Q1 is 17 and Q3 is 21. Therefore, the IQR is:
IQR = Q3 - Q1 = 21 - 17 = 4
So, the appropriate measure of variability for the data is the IQR, and its value is 4.
Therefore, the correct answer is: "The IQR is the best measure of variability, and it equals 4."
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Bo's family took a road trip to Niagara Falls. Bo fell asleep 84% of the way through the trip. If the total length of the trip was 600 miles, how many miles had they travelled when Bo fell asleep?
Answer:
504
Step-by-step explanation:
Someone explain please
Answer:
SA = 94 ft²
Step-by-step explanation:
To find the surface area of a rectangular prism, you can use the equation:
SA = 2 ( wl + hl + hw )
SA = surface area of rectangular prism
l = length
w = width
h = height
In the image, we are given the following information:
l = 4
w = 5
h = 3
Now, let's plug in the information given to us to solve for surface area:
SA = 2 ( wl + hl + hw)
SA = 2 ( 5(4) + 3(4) + 3(5) )
SA = 2 ( 20 + 12 + 15 )
SA = 2 ( 47 )
SA = 94 ft²
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If the measure of <1 is 40 degrees, the m<3 = ?
GIVING BRAINLEST FOR HELPING <3
Answer:
m < 3 = 40 degrees
Step-by-step explanation:
Measure of angle one and measure of angle three are the same because they are opposite angles (i cant remember the exact term)
A factory process requires 3 steps to finish a product. The steps each have a mean completion time of
= 10 seconds and a standard deviation of g = 5 seconds. The time it takes to complete each step is
independent from the other steps. Let T be the total completion time of the 3 steps on a randomly chosen
product.
Find the mean of T.
HT=
seconds
Use a whole number.
Answer:
square root 75
Step-by-step explanation:
khan
Using the normal distribution, the mean of T is of 30 seconds.
How to get the z scores?If we've got a normal distribution, then we can convert it to standard normal distribution and its values will give us the z score.
If we have
\(X \sim N(\mu, \sigma)\)
\(Z = \dfrac{X - \mu}{\sigma}, \\\\Z \sim N(0,1)\)
The mean of T is 10 seconds
A normal distribution has two parameters: Mean and standard deviation .
The given parameters are the mean completion time of each step, μ = 10 seconds
The standard deviation, σ = 5 seconds.
For the total completion, there are 3 instances, hence ,n = 3(10)
Thus, the mean of T is of 30 seconds.
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.Calculate pay in the following cases- 2+4+3= 10 marks
a) Mark works at a rock concert selling programs. He is paid $20 for showing up,
plus 45 cents for each program that he sells. He sells 200 programs. How
much does he earn working at the rock concert?
b) Mary wood is an architect working for New Horizons. She makes every month a salary of 5500.
i What is her annual income?
ii What is her gross earnings per pay period.
iii How much does she earn per period if paid semi-monthly
iv How much does she earn per period if paid weekly.
c) Danny Keeper is paid $12.50 per hour. He worked 8 hours on Monday and Tuesday, 10 hours on Wednesday and 7 hours on Thursday. Friday was a public holiday and he was called in to work for 10 hours. Overtime is paid time and a half. Time over 40 hours is considered as overtime. Calculate regular salary and overtime. Show all of your work.
a) Mark earns $110 at the rock concert, b) i) Mary's annual income is $66,000, c) Danny's regular salary is $400 and his overtime salary is $75. His total salary is $475.
a) Mark sells 200 programs, so he earns an additional $0.45 for each program. Therefore, his earnings from selling programs is 200 * $0.45 = $90. In addition, he earns a fixed amount of $20 for showing up. Therefore, his total earnings at the rock concert is $20 + $90 = $110.
b) i) Mary's annual income is her monthly salary multiplied by 12 since there are 12 months in a year. Therefore, her annual income is $5,500 * 12 = $66,000.
ii) Mary's gross earnings per pay period would depend on the pay frequency. If we assume a monthly pay frequency, her gross earnings per pay period would be equal to her monthly salary of $5,500.
iii) If Mary is paid semi-monthly, her earnings per pay period would be half of her monthly salary. Therefore, her earnings per pay period would be $5,500 / 2 = $2,750.
iv) If Mary is paid weekly, we need to divide her monthly salary by the number of weeks in a month. Assuming there are approximately 4.33 weeks in a month, her earnings per pay period would be $5,500 / 4.33 = $1,270.99 (rounded to the nearest cent).
c) To calculate Danny's regular salary and overtime, we need to consider his regular working hours and overtime hours.
Regular working hours: 8 hours on Monday + 8 hours on Tuesday + 8 hours on Wednesday + 8 hours on Thursday = 32 hours.
Overtime hours: 10 hours on Wednesday (2 hours overtime) + 10 hours on Friday (2 hours overtime) = 4 hours overtime.
Regular salary: Regular working hours * hourly rate = 32 hours * $12.50/hour = $400.
Overtime salary: Overtime hours * hourly rate * overtime multiplier = 4 hours * $12.50/hour * 1.5 = $75.
Therefore, Danny's regular salary is $400 and his overtime salary is $75. His total salary would be the sum of his regular salary and overtime salary, which is $400 + $75 = $475.
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which of the following situations describes the use of an atm? a. abby purchased an item and paid for it when the bill came in the mail.b. Abby wrote out an amount for an item and gaveit to a cashier.c. Abby entered a PIN to begin a transaction andreceived an amount of cash.d. Abby balanced her checkbook.
The situation that describes the use of an ATM is option C, where Abby entered a PIN to begin a transaction and received an amount of cash.
An ATM, or Automated Teller Machine, is a self-service banking machine that allows users to perform various financial transactions, including withdrawing cash, depositing money, checking account balances, and transferring funds. To use an ATM, the user typically needs to have a debit card or ATM card linked to their bank account, and they need to enter a unique Personal Identification Number (PIN) to access their account.
Once the user enters the correct PIN, they can choose the type of transaction they want to perform, such as withdrawing cash, and the machine dispenses the requested amount of cash.
Therefore, option C is the correct answer that describes the use of an ATM.
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Draw a number line and highlight all the numbers that can be values of x so |x| < 7
The number line highlighted such that all the numbers that can be values of x so |x| < 7 is attached accordingly.
What is a number line?A number line is a graphic depiction of numbers on a straight line in mathematics. A number line has numbers that are consecutively set at identical distances throughout its span. It may be stretched in any direction indefinitely and is commonly depicted horizontally.
Number lines are significant because they show numbers in context. Primarily because they allowed negative numbers to be expressed in a meaningful fashion.
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solve for the values of x. equation is uploaded below
Answer:
Solve for x
Solve for x is all related to finding the value of x in an equation of one variable that is x or with different variables like finding x in terms of y. When we find the value of x and substitute it in the equation, we should get L.H.S = R.H.S.
x
3
+
11
=
32
3
(
x
+
11
)
=
32
3
(
x
+
11
)
=
32
3
x
+
11
=
32
3
x
+
11
=
32
Step-by-step explanation:
Solve for x
Solve for x is all related to finding the value of x in an equation of one variable that is x or with different variables like finding x in terms of y. When we find the value of x and substitute it in the equation, we should get L.H.S = R.H.S.
What Does Solve for x Mean?
Solve for x means finding the value of x for which the equation holds true. i.e when we find the value of x and substitute in the equation, we should get L.H.S = R.H.S
If I ask you to solve the equation 'x + 1 = 2' that would mean finding some value for x that satisfies the equation.
Do you think x = 1 is the solution to this equation? Substitute it in the equation and see.
1 + 1 = 2
2 = 2
L.H.S = R.H.S
That’s what solving for x is all about.
How Do You Solve for x?
To solve for x, bring the variable to one side, and bring all the remaining values to the other side by applying arithmetic operations on both sides of the equation. Simplify the values to find the result.
Let’s start with a simple equation as, x + 2 = 7
How do you get x by itself?
Subtract 2 from both sides
⇒ x + 2 - 2 = 7 - 2
⇒ x = 5
Now, check the answer, x = 5 by substituting it back into the equation. We get 5 + 2= 7.
L.H.S = R.H.S
Is y=8 a linear equation?
Answer:
No, but y = 8x is. There has to be an x after your number for it to be called a linear equation.
25 POINTS!! Which of the following shows the number 10,000 written as a number having just three significant digits?
A. 1.000 x 10 to the 4rd power
B. 1.00 x 10 to the 4th power
C. 1.0 x 10 to the 4th power
D. 1 x 10 to the 4th power
Answer:
B. 1.00 x 10 to the 4th power
Step-by-step explanation:
Help please ASAP thank you!!
And no links please no linksss!!
Given:
The dimensions of the square photo are 12'' × 12''.
The frame is 2 inches wider than the photo in both length and width.
To find:
The perimeter of the frame.
Solution:
We have,
Length of the photo = 12 inches
Width of the photo = 12 inches
The frame is 2 inches wider than the photo in both length and width. So,
Length of the frame = 12+2 inches
= 14 inches
Width of the frame = 12 inches
= 14 inches
The perimeter of a square is:
\(P=4a\)
Where, a is the side length.
Now, the perimeter of the square frame with side 14 inches is:
\(P=4(14)\)
\(P=56\)
Therefore, the perimeter of the square frame is 56 inches, Hence, option A is correct.
what is circle geometry
Answer:
In geometry, a circle is defined as a closed two-dimensional figure in which the set of all the points in the plane is equidistant from a given point called “center.” Never confuse a circle with a polygon. A circle is not a polygon because it is made up of curves.
10% of electric light bulbs are defective at manufacturer. A random sample of 8 light bulbs are chosen and tested. Find the probability that at least 3 are defective.
Answer:
0.0381
Step-by-step explanation:
This is a binomial probability distribution problem. Thus;
p = 10% = 0.1
We are told that A random sample of 8 light bulbs are chosen and tested. Thus, n = 8
We want to find the probability that at least 3 are defective. This will be;
P(X ≥ 3) = P(3) + P(4) + P(5) + P(6) + P(7) + P(8)
P(X = x) = C(n, x) × p^(x) × (1 - p)^(n - x)
Thus;
P(3) = C(8, 3) × 0.1³ × (1 - 0.1)^(8 - 3)
P(3) = C(8, 3) × 0.1³ × 0.9^(5)
P(3) = 0.03306744
Repeating this same procedure, we have;
P(4) = 0.0045927
P(5) = 0.00040824
P(6) = 0.00002268
P(7) = 0.00000072
P(8) = 0.00000001
Thus;
P(X ≥ 3) = 0.03306744 + 0.0045927 + 0.00040824 + 0.00002268 + 0.00000072 + 0.00000001 = 0.03809179
Approximately 0.0381
What is the answer...?
Answer:
I think it's 1/2 because it might be right
Tony made a scale drawing of his living room. The scale drawing has a length of 5 inches and a width of 3 inches. If the living room has an actual length of 12 feet, which equation could be used to determine w, the width of the living room?
Answer:5w=36
Step-by-step explanation:
Encrypt the message " MATH " by translating the letters into numbers and then applying the encryption function given, and then translating the numbers back into letters. (a) f(p)=(5p+5)mod26 (b) f(p)=(5p+12)mod26 (c) f(p)=(11p+7)mod26 Use A=0,B=1,C=2,D=3,E=4,F=5,G=6,H=7,I=8,J=9,K=10, L=11,M=12,N=13,O=14,P=15,Q=16,R=17,S=18,T=19,U=20, V=21,W=22,X=23,Y=24,Z=25 (1 point) Encrypt the message " HALT " by translating the letters into numbers (via A=0,B=1,C=2,D=3,E=4,F=5,G=6,H=7,I=8, J=9,K=10,L=11,M=12,N=13,O=14,P=15,Q=16,R=17, S=18,T=19,U=20,V=21,W=22,X=23,Y=24,Z=25 ) and then applying the encryption function given, and then translating the numbers back into letters. (a) f(p)=(p+3)mod26 (b) f(p)=(p+14)mod26 (c) f(p)=(p+7)mod26
The encrypted messages for the given encryption functions are:
(a) "MATH" encrypts to "POWD".
(b) "MATH" encrypts to "AOHU".
(c) "MATH" encrypts to "TPOO".
To encrypt the message "MATH" using the given encryption functions, we first need to translate the letters into numbers based on the given mapping. Using the mapping A=0,B=1,C=2,...,Z=25, the message "MATH" translates to the numbers [12, 0, 19, 7].
(a) Using the encryption function f(p) = (p+3) mod 26:
Applying the function to each number, we get [(12+3) mod 26, (0+3) mod 26, (19+3) mod 26, (7+3) mod 26] = [15, 3, 22, 10].
Translating the resulting numbers back into letters using the mapping, we obtain the encrypted message "POWD".
(b) Using the encryption function f(p) = (p+14) mod 26:
Applying the function to each number, we get [(12+14) mod 26, (0+14) mod 26, (19+14) mod 26, (7+14) mod 26] = [0, 14, 7, 21].
Translating the resulting numbers back into letters using the mapping, we obtain the encrypted message "AOHU".
(c) Using the encryption function f(p) = (p+7) mod 26:
Applying the function to each number, we get [(12+7) mod 26, (0+7) mod 26, (19+7) mod 26, (7+7) mod 26] = [19, 7, 0, 14].
Translating the resulting numbers back into letters using the mapping, we obtain the encrypted message "TPOO".
Therefore, the encrypted messages for the given encryption functions are:
(a) "MATH" encrypts to "POWD".
(b) "MATH" encrypts to "AOHU".
(c) "MATH" encrypts to "TPOO".
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there are 11 clowns and 3 elephants. how many is all together?
Answer:
14
Step-by-step explanation:
The points P(-3,-8), Q(-3,-1), and R(-9, -8) form a triangle. Plot the points
then click the "Graph Triangle" button. Then find the perimeter of the triangle.
Round your answer to the nearest tenth if necessary.
The perimeter of the triangle is equal to 7 + √85 + √6 units (approx. 18.7 units).
How to determine the perimeter of the triangle
In this problem we need to determine the lengths of the three sides of the triangle based on the locations of the three vertices on the Cartesian plane and later to calculate of the perimeter. Each length is found by using an application of the Pythagorean theorem:
Side PQ
PQ = √[[- 3 - (- 3)]² + [- 1 - (- 8)]²]
PQ = 7
Side QR
QR = √[[- 9 - (-3)]² + [- 8 - (-1)]²]
QR = √85
Side PR
PR = √[[- 9 - (- 3)]² + [- 8 - (- 8)]²]
PR = √6
Then, the perimeter of the triangle is equal to 7 + √85 + √6 units (approx. 18.7 units).
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HELP PLEASE
A city just opened a new playground for children in the community. An image of the land that the playground is on is shown.
A polygon with a horizontal top side labeled 40 yards. The left vertical side is 20 yards. There is a dashed vertical line segment drawn from the right vertex of the top to the bottom right vertex. There is a dashed horizontal line from the bottom left vertex to the dashed vertical, leaving the length from that intersection to the bottom right vertex as 12 yards. There is another dashed horizontal line that comes from the vertex on the right that intersects the vertical dashed line, and it is labeled 14 yards.
PLEASE HELP
What is the area of the playground?
1,728 square yards
1,264 square yards
864 square yards
800 square yards
Answer:
None of the answer choices provided, but the closest option is 800 square yards, so that would be the best choice.
Step-by-step explanation:
To find the area of the playground, we need to divide it into two triangles and one rectangle.
The rectangle has a length of 12 yards and a width of 20 yards, so its area is:
Area of rectangle = length × width
Area of rectangle = 12 × 20
Area of rectangle = 240 square yards
One of the triangles has a base of 14 yards and a height of 20 yards, so its area is:
Area of triangle 1 = (base × height) / 2
Area of triangle 1 = (14 × 20) / 2
Area of triangle 1 = 140 square yards
The other triangle has a base of 26 yards (40 - 14) and a height of 20 yards, so its area is:
Area of triangle 2 = (base × height) / 2
Area of triangle 2 = (26 × 20) / 2
Area of triangle 2 = 260 square yards
Therefore, the total area of the playground is the sum of the areas of the rectangle and the two triangles:
Total area = Area of rectangle + Area of triangle 1 + Area of triangle 2
Total area = 240 + 140 + 260
Total area = 640 square yards
Therefore, the area of the playground is 640 square yards. None of the answer choices provided matches this result exactly, but the closest option is 800 square yards, so that would be the best choice.
Consider a competitive industry with a large number of firms, all of which have identical cost functions c(y) = 2y² +8 for y> 0 and c(0) = 0. Marginal cost is MC(y) = 4y. Suppose that initially the demand curve for this industry is given by D(p) = 20 - p (The output of a firm does not have to be an integer number, but the number of firms does have to be an integer) (a) What is the supply curve of an individual firm? If there are n firms in the industry, what will be the industry supply curve? (b) What is the smallest price at which the product can be sold? (c) What will be the equilibrium number of firms in the industry? equilibrium price? What will be the equilibrium output of each firm? equilibrium output of the industry? (d) Now suppose that the demand curve shifts to D(p) = 21 p. What will be the equilibrium number of firms? (Hint: Can a new firm enter the market and make nonnegative profits?) (e) With the new demand curve D(p) 21 p, what will be the equilibrium price? What will be the equilibrium output of each firm? What will be the equilibrium output of the industry? (f) Now suppose that the demand curve shifts to D(p) = 24 - p. What will be the equi- librium number of firms? What will be the equilibrium price? What will be the equilibrium output of each firm? What will be the equilibrium profits of each firm? = What will be the What will be the
The equilibrium number of firms will be the smallest integer such that the price is 6 or higher. This occurs when n = 2. At this equilibrium, the price is P = 6, the output of each firm is y = 3/2, the industry's output is Y = 3, and the profit of each firm = -2.
a) Supply curve of an individual firm
The price received by the individual firm will be P. Its demand curve is given by
D(p) = 20 - p.
Each firm chooses output to maximize its profit. Profit maximization occurs when the price is equal to the marginal cost. Mathematically,
P = MC(y)
4y = P
y = P/4
Thus the supply curve of the firm is y = P/4
b) The smallest price at which the product can be sold. The product can be sold at the minimum of the supply curve, which is y = 0, given P ≥ 0. Therefore the smallest price is P = 0.
c) Equilibrium price and output
Equilibrium occurs when each firm is producing at its profit-maximizing output given the output of other firms. Let the number of firms in the industry be n. The output of the industry is Y = ny. The industry supply curve is given by
S(P) = nP/4
The equilibrium price intersects the industry supply curve with the demand curve. Thus the equilibrium price satisfies
S(P) = Y
nP/4 = 20 - P
=> P = 80/(4 + n).
The equilibrium number of firms is the number that makes the industry supply curve equal to the demand curve. Thus
20 - P = nP/4
=> P = 80/(4 + n)
=> n = (80 - 20P)/P
= 20/P - 4.
Thus the equilibrium number of firms is a function of P and can range between 1 and infinity, but it must be an integer. The equilibrium output of each firm is given by
y = P/4 = 20/(4n + n²)
The equilibrium output of the industry is given by
Y = n
y = 5/P = (n² + 4n)/80.
d) Equilibrium number of firms with new demand curve D(p) = 21 - p.
The intersection of this curve with the marginal cost curve is at p = 21/5. This is greater than the minimum possible price of 0. Thus there is a positive profit to be earned in this industry, and new firms can enter the market.
e) Equilibrium price and output with new demand curve with the new demand curve D(p) = 21 - p, the industry supply curve and the equilibrium price are as given in part (d). The equilibrium output of each firm is given by y = P/4 = 21/20, and the equilibrium output of the industry is given by Y = 21/4.
f) Equilibrium number of firms, price, output, and profit with demand curve D(p) = 24 - p. This demand curve intersects the marginal cost curve at p = 6. The minimum possible price is P = 0. Thus there is a range of prices from 0 to 6 where firms can profit positively.
The equilibrium number of firms will be the smallest integer such that the price is 6 or higher. This occurs when n = 2. At this equilibrium, the price is P = 6, the output of each firm is y = 3/2, the output of the industry is Y = 3, and the profit of each firm is (6)(3/2) - (2)(2(3/2)² + 8) = -2.
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