Mjm products, inc., designs and sells flannel jackets. the company is willing to sell a men’s flannel jacket for as little as $45. its main competitor is rl outriggers, which is willing to sell the same men’s flannel jacket for as little as $40. the current market price of that type of jacket is $57. what is the total producer surplus for the two firms?

Anewspaper boy is trying to perfect his business in order to maximize the money he can save for a new car. daily paper sales are normally distributed, with a mean of 100 and standard deviation of 10. he sells papers for $0.50 and pays $0.30 for them. unsold papers are trashed with no salvage value. how many papers should he order each day and what % of the time will he experience a stockout? are there any drawbacks to the order size proposed and how could the boy address such issues?

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.