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In the interest of customer satisfaction, suppose that the Kroger company conducted a study to determine the total time for cashiers to process a customer order during their busiest times of day. According to the study, the mean time an employee at Kroger takes to serve a customer is 175 seconds, and this time is exponentially distributed.
a. Determine the rate parameter.
why can the distinction between fixed costs and variable costs be made in the short run? classify the following as
Devise a government subsidy that will induce private education providers to educate socially optimal number of students. Explain. Provide a $ amount for the subsidy.Does it ever make sense to not educate some students. If the example were couched ..
A change in the meeting time of the introductory one’s decision to go swimming economics course from 11:00 A.M. to 7:30 A.M. on one’s decision to attend the lectures
characteristics of the job market and employment placement include all the following except (points 5) its very stable unbalanced supply and demand career portals on corporate websites reduce recruitment cost the job market has essentially moved o..
nbspthe company abc inc. bought a machine for automatic playback of software at a cost of 20000 the original cost
If there is a natural monopoly one firm owns all the natural resources in the production of a good, such as owning the diamond mines needed to produce diamonds.
revenue at a major cellular telephone manufacturer was 1.4 billion for the nine months ending march 2 up 97 percent
a corporation enters into a five-year interest rate swap with a swap bank in which it agrees to pay the swap bank a
Automobile manufacturers produce a range of automobiles such as sports utility vehicles, luxury sedans, pickup trucks and compact cars. What fundamental economic question are they addressing by making this range of products.
Would you be indifferent between the plans?
If the firm has $20,000 on hand, with only these two project to choose from, will they invest in A, B, neither or both? Show the calculations that lead to your conclusions. Explain whether you answers would be different for either project if the f..
Assume that labor supply is perfectly inelastic. If the demand for labor is inversely related to the real wage, what would the effect of a minimum wage be if it was an effective price flor in the labor market
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