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The time it takes to process phone orders in a small gift shop is normally distributed with a mean of 6 minutes and a standard deviation of 1.24 minutes. what cutoff values would separate the 95% of orders that are in the middle of the distribution with respect to processing time?
there are n ge 3 doctors who have created a partnership. in each period each doctor decides how hard to work. let eti
Suppose that the price of good X is $10, the price of good Y is $20, and our income is $100. a. What is the maximum amount of good X you can buy? What about good Y? b. Write down your budget constraint and solve it for Y. c. Sketch a graph of your bu..
q. pickles at the sour pickles ranch are picked either by labor or by a machine. labor can be obtained very cheaply -
Hiro Nakamura is CEO of the Cola King Bottling Company, a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
Explain principles related to being an Ethical Team Builder. Compare and contrast with what is going on in a previous or current organization that you have worked with.
You make decorative stones for landscaping. A ton of coarse stones requires 2 hours of crushing, 5 hours of sifting, and 8 hours of drying. A ton of fine stones requires 6 hours of crushing, 3 hours of sifting, and 2 hours of drying. The coarse stone..
Identify the point on the budget constraint this worker has chosen. Explain how much is he working per day.
If the price of good X decreases by 2.1% and the price elasticity of demand is 0.4, find the percentage change in quantity demanded and the percentage change in revenue. If you want to increase revenue should you increase or decrease the price in thi..
Monopoly is nearly always seen as something undesirable. Courts have wrestled with monopoly for ages, sometimes defining it as: "the power to control prices and exclude competition", "restraining trade", or "unfair and anti-competitive behavior." Sho..
If CPI was somehow able to monopolize the market what would happen to the price of toothpaste, would it rise or fall? What would happen to the profits CPI makes via their toothpaste division?
Role taxpayer: taxpayers are consumers, workers, business owners, and investors. is it important for government to understand the incentive effects of each kind of tax used to raise revenue?
A specialty crane used in construction was purchased for $350,000 5 years ago. It is MACRS-GDS 7-year property. Its annual O&M costs are $45,000 increasing by 5%. The remaining useful life is 6-years and the end of the 6-year planning horizon, the mi..
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