Contrast optimal pricing and output decisions
Compare and contrast optimal pricing and output decisions in various market structure.
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Swearingen and McDonald, small furniture manufacturer, produces fine hardwood tables and chairs. Each product should go through three stages in the manufacturing procedure assembly, finishing, and inspection. Each table needs 12 hours of assembly,
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A sample of 64 "AAA" Alkaline batteries has mean life of 7 months. The standard deviation of the population is known to be 2 months. Find the 95% confidence interval of the popualtion mean life of "AAA" Alkaline batteries?
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