Suppose the Following Are Fuzzy Sets - $$\text { Find } \bar { F } \text { and } \bar { R } \text {. }$$

question 110

Short Answer

suppose the following are fuzzy sets: $$\begin{array} { l } F = \{ 0.7 \text { Ann } , 0.1 \text { Bill } , 0.8 \text { Fran } , 0.3 \text { Olive } , 0.5 \text { Tom } \} , \\R = \{ 0.4 \text { Ann } , 0.9 \text { Bill } , 0.9 \text { Fran } , 0.6 \text { Olive } , 0.7 \text { Tom } \}\end{array}$$
- $$\text { Find } \bar { F } \text { and } \bar { R } \text {. }$$

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Definitions:

Variable Input

An input whose quantity can be changed in the short term by a firm to adjust the level of output.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, like labor or capital.

Marginal Cost

The cost implicated in the production of one more unit of a good or service.

Perfectly Competitive

A market structure characterized by many small firms, a homogeneous product, no barriers to entry or exit, and where no single firm can influence the market price.