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Mark Price, the new productions manager for Speakers and Company, needs to find out which variable most affects the demand for their line of stereo speakers. He is uncertain whether the unit price of the product or the effects of increased marketing are the main drivers in sales and wants […]

The ASQ global report is an informative detailed analytical report about the state of quality worldwide. Discoveries which is the  first view of the data and uncovers regional quality trends and provides a baseline of benchmark data to help compare your organization to the current state.  The subsequent reports will […]

A pharmaceutical company can produce each pill of a new drug at a constant marginal cost given by MC = 5. Note that since the marginal cost is constant, then the average cost of producing pills is also 5. Inverse demand for the pills is given by P = 25 […]

Company ABC Inc. manufactures electrical sensors for the aerospace industry. This company has been the leader in the industry for the last 20 years. However, Competition got smarter and business is not as good as it was. The Vice President and the Quality Director at ABC Inc. realize that there […]