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- What is an equilibrium condition in Markov analysis and how do we that we have an equilibrium condition?A sheet of paper 80 cm-by-72 cm is made into an open box (i.e. there's no top), by cutting x-cm squares out of each corner and folding up the sides. Find the value of x that maximizes the volume of the box. Give your answer in the simplified radical form. X = is the max.Please explain to me what every different variable means in this question
- quiz 1 (page 1 of 5) 105 econ مبادئ في الاقتصاد الرياضی ش 2 و ش elearning yu.edu.jo Question 1 Not yet answered Question 3 Marked out of 1.00 Not yet answered Marked out of 1.00 **Assume that you have the following equations: Simplify the following expression: 3X(8x+9)- X(X+7) 4P+4Q=16 2P-Q=2 The equilibrium price is: O a. 23x2 + 20X O a. P=5 O b. X2-30X O b. P=6 O c. 25X2 + 32X Oc. P-2 d. 21X2-24X O d. P-4 e. None of the above O e. None of the above Clear my choice Clear my choice Next page Next page Quiz navigation Quiz navigation 12 31 4 ...With the help of a diagram explain the main principles of the first-order Markov Model.In your answer explain any notation that you use. Explain what is meant by the term‘’first-order”.Please use the Gauss-Jordan Row Elimination Method. PLEASE SHOW EVERY STEP and (PLEASE DO NOT SKIP A STEP). It is very hard to figure out the step and understand your thinking for each step when it is skipped.
- In a certain store, cashiers can serve 45 customers per hour on average. If a customers arrive at the store in a given hour, then the average number of customers C waiting in line can be modeled by the function x² C(x) = 2025 - 45x where x < 45. Answer the following questions with a graphing calculator. Round your answers to integers. 1) If 40 customers arrived in the store in the past hour, there are approximately 7 2) If there are 2 customers waiting in line, approximately customers waiting in line. customers arrived in the past hour.For a certain company, the cost for producing x items is 60x + 300 and the revenue for selling x items is 100x – 0.5x². - The profit that the company makes is how much it takes in (revenue) minus how much it spends (cost). In economic models, one typically assumes that a company wants to maximize its profit, or at least wants to make a profit! Part a: Set up an expression for the profit from producing and selling x items. We assume that the company sells all of the items that it produces. (Hint: it is a quadratio polynomial.) Part b: Find two values of x that will create a profit of $300. The field below accepts a list of numbers or formulas separated by semicolons (e.g. 2; 4; 6 or x + 1; x – 1). The order of the list does not matter. To enter va, type sqrt(a). x = Part c: Is it possible for the company to make a profit of $15,000?What are the assumptions of say's law