Define statistics. choose the correct answer below.
a. statistics encompasses all scientific disciplines in which random occurrences are analyzed. in addition, statistics references any random occurrence which is reported using percentages or proportions.
b. statistics encompasses all scientific disciplines in which percentages are used, data are analyzed, and probabilities are found. in addition, statistics references any mathematical model which is reported using percentages or proportions.
c. statistics is the science of manipulating, reorganizing, and editing information to produce the desired results. in addition, statistics is about providing the required answer with the desired level of confidence.
d. statistics is the science of collecting, organizing, summarizing, and analyzing information to draw a conclusion and answer questions. in addition, statistics is about providing a measure of confidence in any conclusions.

What is the purpose of government health care programs

5. profit maximization and shutting down in the short run suppose that the market for polos is a competitive market. the following graph shows the daily cost curves of a firm operating in this market. 0 2 4 6 8 10 12 14 16 18 20 50 45 40 35 30 25 20 15 10 5 0 price (dollars per polo) quantity (thousands of polos) mc atc avc for each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or loss if it produces at that quantity, using the data from the previous graph to identify its total variable cost. assume that if the firm is indifferent between producing and shutting down, it will produce. (hint: you can select the purple points [diamond symbols] on the previous graph to see precise information on average variable cost.) price quantity total revenue fixed cost variable cost profit (dollars per polo) (polos) (dollars) (dollars) (dollars) (dollars) 12.50 135,000 27.50 135,000 45.00 135,000 if the firm shuts down, it must incur its fixed costs (fc) in the short run. in this case, the firm's fixed cost is $135,000 per day. in other words, if it shuts down, the firm would suffer losses of $135,000 per day until its fixed costs end (such as the expiration of a building lease). this firm's shutdown price—that is, the price below which it is optimal for the firm to shut down—is per polo.

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price