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cricket20 [7]
1 year ago
9

136 cars were sold during the month of april. 78 had air conditioning and 68 had automatic transmission. 56 had air conditioning

only, 46 had automatic transmission only, and 12 had neither of these extras. what is the probability that a randomly selected car had automatic transmission or air conditioning or both?
Business
1 answer:
Annette [7]1 year ago
4 0
Let us see how many cars had both of these 2 extras; since there were 78 cars with air conditioning and 56 with airconditioning only, we get that there were 22 cars with both of these features (automatic transmission/ air conditioning). If we add the cars that had only AC and the cars that had only AT, as well as the cars that had both, we get all the cars that satisfy the described event. This is equal to 56+46+22=124. Thus, the probability is given by 124/136=91.2%.
We could also claim that since 12 of the cars do not have any of the features, any of the remaining 136-12 cars would have at least one feature; hence the probability would be given by (136-12)/136 and we have obviously the same result.
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Answer:

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Explanation:

In order for the equilibrium quantity and the socially optimal quantity to be equal, the government subsidy should have been equal to the positive externality created by the flu shots ($8).  Since the government subsidy is larger, $11, then the equilibrium quantity will be higher (more flu shots supplied because of high subsidy).

4 0
2 years ago
Item9 2 points Time Remaining 2 hours 55 minutes 49 seconds02:55:49 eBookItem 9Item 9 2 points Time Remaining 2 hours 55 minutes
Zarrin [17]

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price $118

Units sold 2,300

Variable costs per unit:

Direct materials $37

Direct labor $23

Variable manufacturing overhead $3

Variable selling and administrative expense $5

<u>First, we need to determine the total unitary variable cost:</u>

Unitary variable cost= 37 + 23 + 3 + 5=$68

<u>Variable cost income statement:</u>

Sales= 2,300*118= 271,400

Total variable cost= 68*2,300= (156,400)

Total contribution margin= 115,000

Fixed manufacturing overhead= (73,500)

Fixed selling and administrative expense= (29,900)

Net operating income= 11,600

5 0
2 years ago
Suppose the yield on a 10-year T-bond is currently 5.05% and that on a 10-year Treasury Inflation Protected Security (TIPS) is 1
Serhud [2]

Answer:

c. 2.35%

Explanation:

10 year T bond Yield = 5.05 % (let it be rT10)

10 year TIPS yield = 1.8 % ( let it be r* )

MRP = 0.9%

Expected Inflation = rT10 - r* - MRP

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Answer:

mission statement

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5 0
1 year ago
Suppose the farm equipment manufacturer from the previous question was able to charge $30,000 per tractor, and produces and sell
LiRa [457]

Given Information:

Rent = $20,000,000

Materials and Wages = $10,000/tractor

Number of tractors = 2,000

Amount spent on R&D = $3 million

Required Information:

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Answer:

Lowest price to sell a tractor = at least $20,000

Calculations & Explanation:

The company needs to sell at least at a price that all of its manufacturing cost can be recovered without the profit margin.

This happens at a break-even point where total revenue equals the total manufacturing cost.

Total manufacturing cost = Total revenue

The revenue is number of tractors multiplied by some price x

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Total manufacturing cost = 20,000,000 + 2,000(10,000)

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so,

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x = 40,000,000/2,000

x = $20,000

Therefore, the lowest price to sell each tractor should be atleast $20,000

Note: The R&D cost is not usually included in such scenarios because R&D cost is sunk and should not be added in these calculations.

5 0
2 years ago
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