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The time it takes a worker on an assembly line to complete a task is exponentially distributed with a mean of 8 minutes. a. What is the probability density function for the time it takes to complete the task? b. What is the probability that it will take a worker less than 4 minutes to complete the task? c. What is the probability that it will take a worker between 6 and 10 minutes to complete the task?
Think our company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs.
Describe why teenagers tend to accumulate low wages yet proportionally higher human capital than adult workers.
would there be any automatic Stabilizers in government budget. Would re be any distinction between full-employment deficits and actual beget deficit.
In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances, Illustrate what were the economic incentives for producers.
Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.
illustrate what cost-minimizing combination of K and L will the manufacturer employ for the output levels in part a.
On average your client recieves 1%in annual simple interest in the foreign country. Explain to the client how the move would benefit savings.
Solve for the equilibrium interest rate. Solve for equilibrium value of consumption and investment.
If consumption and government purchases go up, what happens to GDP in the long run. Show this graphically.
Compare and contrast the facility costs of VectorCal and the US Government. Determine at least two advantages for using facility costs for both VectorCal and the US Government. Explain your rationale. "Procedures of FCCOM".
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
What were there reason why IMB lost it advange over the computer world.
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