A Company Has 2 Machines That Produce Widgets

question 105

Multiple Choice

A company has 2 machines that produce widgets.An older machine produces 23% defective widgets,while the new machine produces only 8% defective widgets.In addition,the new machine produces 3 times as many widgets as the older machine does.What is the probability that a randomly chosen widget produced by the company is defective?

• A)0.078
• B)0.1175
• C)0.156
• D)0.310

Identify the characteristics of genuineness in Rogerian therapy.

Comprehend the shared beliefs of psychoanalysts and cognitive therapists regarding thought exploration.

Understand the role of client-centered therapy and the therapist's approach to client interactions.

Learn about the focus and methods of cognitive therapy in addressing problem behaviors.

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Definitions:

Increasing-Cost Industry

An industry in which costs per unit of output increase as the scale of output is increased due to factors such as shortages of resources or higher input costs.

Long-Run Equilibrium

A state in economics where all factors of production and outputs are variable, allowing for the adjustment to changes in demand, supply, and prices, resulting in a situation where firms earn normal profit.

Increasing Cost Industry

An industry in which costs of production increase as firms enter the market, often due to limited resources or factors of production becoming more expensive.

Long-Run Supply Curve

A graphical representation that shows how the quantity supplied reacts to price changes in the long-term, accounting for all factors of production adjustments.