In 2022-23 each American household viewed an average of 48 h…

In 2022-23 each American household viewed an average of 48 hours and 32 minutes of television weekly.Each individual viewed an average of 30 hours and 20 minutes per week.Those viewing the most television per week (43 hours and 31 minutes) were women over age 55.Those viewing the least television per week (21 hours and 10 minutes) were children ages 6 to 11.Households earning under $30,000 a year watched an average of 52 hours and 57 minutes a week.Households earning more than $60,000 a year watched an average of 47 hours and 13 minutes a week.Determine whether A, B, or C best describes the following generalization drawn from these facts.( A ) reasonable ( B ) wrong ( C ) insufficient facts to knowChildren watched less television than critics generally assume.

In 2022-23 each American household viewed an average of 48 h…

In 2022-23 each American household viewed an average of 48 hours and 32 minutes of television weekly.Each individual viewed an average of 30 hours and 20 minutes per week.Those viewing the most television per week (43 hours and 31 minutes) were women over age 55.Those viewing the least television per week (21 hours and 10 minutes) were children ages 6 to 11.Households earning under $30,000 a year watched an average of 52 hours and 57 minutes a week.Households earning more than $60,000 a year watched an average of 47 hours and 13 minutes a week.Determine whether A, B, or C best describes the following generalization drawn from these facts.( A ) reasonable ( B ) wrong ( C ) insufficient facts to knowWealthier households are more likely to watch television than are households that are less wealthy.

Information for questions 21-25 Suppose that the inverse dem…

Information for questions 21-25 Suppose that the inverse demand for a monopolist is given by: P= 55 – 0.1 Q. The monopolist’s total cost function is given by: C = 14 + 20 Q + 0.4 Q2. For the numeric questions, only the exact answer is accepted. Enter 0, if the answer cannot be obtained with the information given. Assumption for questions 23-24. Suppose that the answers to questions 21 and 22 were: MR = 40 – 0.4Q MC = 23 + 0.1 Q Calculate the price that this monopolist charges.