Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Fitting optimum quantity by considering the Marginal Cost also Marginal Revenue.

Appalachian Coal mining trusts it can increase labour productivity and therefore net revenue by reducing air pollution in its mines. It approximations that the marginal cost function for reducing pollution by installing additional capital equipment is

MC = 40P

Where P represents a decrease of one unit of pollution in the mines. It likewise feels that for every unit of pollution reduction the marginal increase in revenue (MR) is

MR= 1,000 - 10P

How much pollution reduction must Appalachian Coal mining undertake?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921239

Have any Question? 


Related Questions in Statistics and Probability

Let x andnbsp y be jointly gaussian random variablesshow

Let X and  Y be jointly Gaussian random variables. Show that   is also a Gaussian random variable. Hence, any linear transformation of two Gaussian random variables produces a Gaussian random variable.

Consider a poisson counting process with arrival rate

Consider a Poisson counting process with arrival rate λ Suppose it is observed that there have been exactly arrivals in   be the times of those arrivals.    be the order statistics associated with the X   Show that the j ...

Suppose two random variables x and y are both zero mean and

Suppose two random variables X and Y are both zero mean and unit variance. Furthermore, assume they have a correlation coefficient of  P . Two new random variables are formed according to: W = aX + bY, Z = cX + dY. Deter ...

A certain disease has an incidence rate of 03 if the false

A certain disease has an incidence rate of 0.3%. If the false negative rate is 6% and the false positive rate is 4%, compute the probability that a person who tests positive actually has the disease. Please include detai ...

Consider the lottery described in given exercisea assuming

Consider the lottery described in given exercise. (a) Assuming six million tickets are sold and that each player selects his/her number independent of all others, find the exact probability of fewer than 3 players winnin ...

Sat verbal scores are normally distributed with a mean of

SAT verbal scores are normally distributed, with a mean of 500 and standard deviation of 100. You randomly select a test taker. What's the probability that s/he scored between 500 and 700?

1 according to the speaker lionardo what discourages young

1. According to the speaker Lionardo, what discourages young men from marrying? 2. What is the main purpose of marriage, according to the characters in the dialogue? 3. In arranging marriages, how much input did the futu ...

Can the sample standard deviations s1 and s2 be used in

Can the sample standard deviations s1 and s2 be used in place of the population standard deviations σ1 and σ2? 1. "Testing the Difference between Two Means." (Note: Please respond to only one of the following two bullete ...

Worldview analysis essayfor this assignment you will write

Worldview Analysis Essay For this assignment, you will write a 2-3-page essay (double-spaced, 1-inch margins) providing examples of how some facet of "process philosophy" has impacted American government and/or society. ...

A roulette wheel consists of 38 numbers 18 are red 18 are

A roulette wheel consists of 38 numbers (18 are red, 18 are black, and 2 are green). Assume that with each spin of the wheel, each number is equally likely to appear. (a) What is the probability of a gambler winning if h ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate