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Suppose that customers arrive at a checkout counter at a rate of two per minute.
a What are the mean and variance of the waiting times between successive customer arrivals?
b If a clerk takes three minutes to serve the first customer arriving at the counter, what is the probability that at least one more customer will be waiting when the service to the first customer is completed?
the consumer price index was 190.7 in january of 2005 and it was 198.3 in january of 2006. therefore the rate of
explain arthur laffers theory of tax rates relative to tax revenue. what is the effect of a tax on the deadweight loss?
Under current law, most Social Security recipients do not pay federal or state income taxes on their Social Security benefits. Suppose the government proposes to tax these benefits at the same rate as other types of income.
The First Amendment to the U.S. Constitution added in 1891 as part of the Bill of Rights protects the rights of free speech, a free press, freedom to assemble or form groups and the freedom to contact and lobby government. Do you think that the ri..
Describe benefit and cost externalities. List the reasons for lack of optimal allocation of resources in each case. Explain the need for government intervention in case of market failure due to externalities. Explain why government intervention may n..
the demand function for newtons donuts has been estimated as followsqx -14 - 54px 45py 0.62axwhere qx represents
List and discuss three economic justifications for government regulation in your local area. Explain what happens if the government does not provide appropriate regulation. Determine the costs on society of government regulation.
If the housing bubble busting causes the share of output of investment to fall 6% of potential GDP, what will happen to the economy?
If the price of processor chips used in manufacturing personalcomputers decrease, what will happen in the market for personal computers How will the equilibrium price and equilibrium quantity of personal computers change
a single monopolistic firm provides pick-up of recyclable goods bottles cans paper etc. in the city.the inverse demand
Pass laws prohibiting children from working in labor market X. Require a license to work in labor market X. Increase tariffs on imports that compete with labor market X employers.
A original written paper (will be submitted through turnitin) with at least five sources about my career business administration. The formal report must include a descriptive abstract, introduction, body text, conclusions, works cited and appendixes...
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