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The time it takes a worker on an assembly line to doo a task is exponentially distributed with a mean of 10 minutes. Please answer the following questions and write out every step in order:
a. What is the probability density function for the time it takes to doo the task?
b. What is the probability that it will take a worker less than 5 minutes to doo the task?
c. What is the probability that it will take a worker between 6 and 12 minutes to doo the task?
Calculate a short run marginal cost. Calculate a long run marginal cost. How do c & d compare to the payment rates for an established office visit in Medicare and Ohio Medicaid (code 99213).
you will have more money at 65 than if you save $500 per month from 31-65. At what rate of return is this claim true?
Production Function Consider a production technology that uses two categories of factor inputs in production. Define K as the amount of capital input, L as the amount of labor input, x as the amount of output. The production function is x = F (K, L) ..
It is often said that democracies will not go to war with one another. Do you think this is true? So, what impact do economic systems have on world peace? What are some strategic considerations involved in economic relationships with other countries?
In what circumstance may a person be liable as a de facto director and in what circumstance as a shadow director?
Determine profit maximization output and price. Show profits and deadweight in the graph
Compute the required rate of return on a firm that has a Beta of 1.1. Assume the expected market return is 12% and the risk free security returns 4%.
Asks the user to enter a positive integer greater than 0 Validates that the entry is a positive integer Outputs the digits in reverse order with a space separating the digits
A winery estimates that the demand for its fine Owner's Select, has an income elasticity of 2, where income refers to the income per capita of its customer base.
1. What is software firewall? What is hardware firewall? List some example products.
A water utility for a growing city is considering expanding their capacity by investing in a larger system of wells. Their long-run marginal cost of water provision is characterized by the function MC(q) = 5 + (2/3)(q) (q is in thousands of gallons)...
Assume there are 20 identical individuals with a utility function U (x, y) = squareroot xy and income I = I $100. Also, assume that the price for good y is p_y = 4. Furthermore, assume there are 10 identical firms producing good x and using a product..
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