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Q. Phone calls arrive at rate of 48 per hour at reservation desk for Regional Airways.
a. Calculate probability of receiving three calls in a 5-minute interval of time.
b. Calculate probability of receiving exactly 10 calls in 15 minutes.
c. Assume, no calls are currently on hold. If agent takes 5 minutes to complete current call, how many callers do you expect to be waiting by that time? Illustrate what is probability that none will be waiting?
d. If no calls are currently being processed, illustrate what is probability that agent can take 3 minutes for personal time without being interrupted by a call?
Illustrate what is the theoretical differences between ordinary demand functions and compensated demand functions.
when A person buys a car in a congested urban area it generates illustrate what type of externality.
Illustrate what kind of gap-inflationary or recessionary-will the economy face after the shock.
Government increases taxes by 50 billion and increase transfer payments by 50 billion illustrate what would happen to aggregate demand.
In the 21st century Explain how has globalization affected trade restrictions also the development of common markets
Write down a utility function that represents Britney's preferences over dresses also hats.
Explain how can tax cuts help revive the economy include discretionary fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand-some-not all--of these and/or other terms from this week.
Illustrates what happens if business taxes are reduced also the real interest rate increases
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat."
Explain the role culture may play in influencing entrepreneurship both at the individual and social level. Define culture in your response.
A company currently sells 60,00 units a month at $10 every unit. The variable cost every unit is $6. The company decided to raise the price about 10%.
Illustrate what happens if the consumer faces a borrowing constraint that prevents her from borrowing.
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