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A small publishing company decides to use one section of its plant to produce two textbooks called Microeconomics and Macroeconomics. The profit made on each

A small publishing company decides to use one section of its plant to produce two textbooks called Microeconomics and Macroeconomics. The profit made on each copy is $12 for Microeconomics and $18 Macroeconomics. Each copy of Microeconomics requires 12 minutes for printing and 18 minutes for binding. The corresponding figures for Macroeconomics are 15 and 9 minutes respectively. There are 10 hours available for printing and 10.5 hours available for binding. How many of each should be produced for maximize profit?

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10 poin The basic difference between macroeconomics and microeconomics is that: macroeconomics is concerned with generalization while microeconomics is concerned with specialization. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries.Explain the differences in the sampling distributions of x for large and small samples under the following assumptions. Complete parts a and b, a. The variable of interest, x, is normally distributed. Choose the correct answer bokny. Q A. There are no differences, as both large and small samples will have normal sampling distributions. OF. Small samples will have a normal sampling distribution due to the Contral Limit Theorem, but large samples will not have a sampling distribution. O C. Large samples will have a normal sampling distribution due to the Central Limit Theorem, but small samples will not have a normal sampling distribution. OD. There are no differences, as neither large nor small samples will have normal sampling distributions. b. Nothing is known about the distribution of the variable x. Choose the correct arewer below. Q A. Large samples will have a normal sampling distribution due to the Central Limit Theorem, but the sampling distribution of small samples is unknown. O B. Small samples will have a normal sampling distribution due to the Central Limit Theorem, but the sampling distribution of the large samples is unknown. O C. There are no differences, as both large and small samples will have normal sampling distributions. O D. There are no differences, as the sampling distributions for both large and small samples are unknown

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