Labor (workers per week) Output(units per week) 0 0…

  Labor (workers per week) Output(units per week) 0 0 1 20 2 50 3 70 4 85 5 95 6 100 The table above gives a firm’s total product schedule. Suppose labor is the only variable factor of production. The price of labor is $500 per week and total fixed costs are $600 per week. What is the total cost of producing 70 units?

The following data correspond to the running speed (cm/s) of…

The following data correspond to the running speed (cm/s) of a certain species of spider:  1.25, 1.64, 1.91, 2.31, 2.37, 2.38, 2.84, 2.87, 2.93, 2.94, 2.98, 3.00, 3.09, 3.22, 3.35, 3.41 If one spider is chosen at random from this population of 16, the probability that the running speed is greater than 2.5 cm/s is; (Report in percentage or proportion Round your answer to two decimal places)