ECON 3Z03 Lecture 18: Uncertainty- Nov 7-important
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7 Dec 2018
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The college of business was interested in comparing the attendance for my two classes. The data follow.
Day | 11 am Class | 1230 pm class |
Monday | 20 | 30 |
Wednesday | 32 | 38 |
What is the MST?
What is the MSE
What is the MSB
What is the calculated F Distribution for the blocks
What is the calculated F distribution for the treatments?
This table shows the demand schedule, marginal cost, and average total cost for a monopolistically competitive firm.
Quantity |
Price |
Marginal Cost |
Average Total Cost |
0 |
$50 |
-- |
-- |
1 |
$45 |
$30 |
$40 |
2 |
$40 |
$24 |
$32 |
3 |
$35 |
$14 |
$26 |
4 |
$30 |
$10 |
$22 |
5 |
$25 |
$12 |
$20 |
6 |
$20 |
$32 |
$22 |
7 |
$15 |
$50 |
$26 |
8 |
$10 |
$74 |
$32 |
9 |
$5 |
$104 |
$40 |
10 |
$0 |
$140 |
$50 |
Refer to Table 16-4. How much profit will this firm earn when it chooses its output to maximize profit?
 | a. |
an $8 profit |
 | b. |
a $12 loss |
 | c. |
a $25 profit |
 | d. |
a $32 profit |