Don't use ai to answer I will report your answer Solve it Asap with explanation and calculation Question 23 of 25Mácmillan LearninThe graph shows the relevant curves for a profit maximizingmonopolist. Assume that it is possible for the firm to producea quantity that is not a whole number.What quantity will the firm produce?45.28What price will the firm charge?$13.01What is the firm's profit?$unitsPrice, cost ($)20.5914.95.13.018.92.DMCMR30.3645.28QuantityAC

ANS : ( a ) ANS : ( b ) ANS : ( c )

Answered: Question 23 of 25 Mácmillan Learnin The…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What is risk selection and discuss any 2 methods that can be used to eliminate this.
Please no written by hand solutions Consider a game between two friends, Amy and Brenda. Amy wants Brenda to give her a ride to the mall. Brenda has no interest in going to the mall unless her favorite shoes are on sale at the large department store there. Amy likes these shoes as well, but she wants to go to the mall even if the shoes are not on sale. Only Amy subscribes to the newspaper, which carries a daily advertisement of the department store. The advertisement lists all items that are on sale, so Amy learns whether or not the shoes are on sale by showing the newspaper to Brenda. But this is costly for Amy, because she will have to take the newspaper away from her sister, who will yell at her later for doing so. In this game, nature first decides whether or not the shoes are on sale, and this information is made known to Amy (Amy observes whether nature chose S or N). Nature chooses S with probability p and N with probability 1-p. Then Amy decides whether or not to take the…
A wheel of fortune in a gambling casino has 54 different slots in which the wheel pointer can stop. Four of the 54 slots contain the number 9. For a 1 dollar bet on hitting a 9, if he or she succeeds, the gambler wins 10 dollars plus the return of the 1 dollar bet. What is the expected value of this gambling game? What is the meaning of the expected value result?
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My dear hero expert bro and pro Hand written solution is not allowed. Solve all three parts as they are parts not different questions.
A local insurance company offers both home and auto insurance to four types of customers with the reservation prices listed in the figure below. Assume for simplicity that there is only one consumer of each type. Home Auto Bundle Customer A $90 $67 $157 Customer B Customer C Customer D $117 $87 $204 $103 $77 $180 $83 $52 $135 If the firm were to sell home and auto insurance separately, it would charge $83 for home insurance, $52 for auto insurance, and earn a combined revenue of $540. Determine the revenue the firm would receive if it used a pure bundle. Comparing the revenue of the pure bundle to the revenue of selling home and auto insurance separately, we can conclude that the reservation prices of the consumers must: O A. have no correlation B. be positively correlated C. be negatively correlated D. be serially correlated
U(I) = sqrt(161) I is annual income Job 1 has 0.3 of earning $24000 Job 2 has 0.7 of earning $57000 How much is this person willing to pay to insure against risky income?

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