Total cost of 4 chairs = 15000×4 = Rs. 60000 Average cost of all the 5 chairs = 15000×(85/100) = Rs. 12750 Total cost of all the 5 chairs = 12750×5 = Rs. 63750 Cost of the 5thchair = 63750 - 60000 = Rs. 3750
Two duopolist firms, 1 and 2, sell a homogeneous good in a market with the demand function Q=100−2P, where Q is the quantity demanded at price P. Firm...
The two regression lines are 6X+4Y=52 and 12X+6Y=62. Find the correlation coefficient.
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