If a and B Are Independent Events with P(A)= 0

question 54

Multiple Choice

If A and B are independent events with P(A) = 0.60 and P(A|B) = 0.60,then P(B) is:

• A)1.20
• B)0.60
• C)0.36
• D)cannot be determined with the information given

Grasp how economies of scale and the concept of efficient scale influence costs and production.

Recognize the relationship between marginal cost and average total cost and how it informs production decisions.

Distinguish between short-run and long-run periods in the context of production and costs.

Understand the impact of worker specialization on production levels and costs.

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