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Cars arrive at Carla's Muffler shop for repair work at an average of 3 per hour, following an exponential distribution.(a) What is the expected time between arrivals?(b) What is the variance of the time between arrivals?
If we have a demand curve which can be described by Pd= 72.33-1.76Q, and we have a starting price of $50, what happens to TR when the price falls to $40 Find whether MR is positive or negative
Consider a couple's decision about how many children to have. Assume that over a lifetime a couple has 200,000 hours of time to either work or raise children. The wage is $10 per hour. Raising a child takes 20,000 hours of time.
Prepare a two- to three-page analysis by answering the questions below. Be sure to cite your references using APA format. Assume that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place: BALANCE SHE..
the manager of a local sporting goods store and recently purcahsed a shipment of 60 sets of skis and ski bindings ta a total cost of $30,000 (your wholesale supplier would not let you purcahse the skis and bindings seperately, nor would it let yoo..
Building on (b), suppose that the worker can earn overtime for each hour above 40 hours worked per week. Her base pay remains at $10/hour, but she earns one and one-half time for each hour beyond 40 hours.
Jones Company operates within a monopolistically competitive industry. The estimated demand for its products is given by the following inverse demand function P = 1760 - 12Q It finance department has estimated its total cost function as TC = 24,00..
The income tax system in a country requires each citizen to pay 10% of income on earnings up to $40,000, and then pay 20% on any earnings over $40,000. If an individual has an income of $92350, then what is his average tax rate, in percentage term..
The Third National Bank has reserves of $20,000 and checkable depositts of $100,000. The reserve ration is 20%. Households deposit $5,000 in currency into the bank that is added to reserves
Alternatively, he estimated that he could sell an extra 1,200 hamburgers per day by keeping the restaurant open for two more hours per day at a cost of $50 per hour. Which of these two alternative ways of increasing output should Mr. Wilson use
Suppose two firms 1 and 2 compete in quantities and face a demand curve p = 100 - q. Suppose firm 1 has a constant marginal cost of 10 while firm 2 has a constant marginal cost of 40. Suppose they produce quantities simultaneously.
Present worth of each alternitive. Note: Do the exersise entirely on a present worth basis, not on anannualized basis. Convert each cost component to its presentworth and then sum to get the total present worth of each alternitive.
Assuming that the current interest rate is 3 percent, compute the value of a three year, 5 percent coupon bond with a face value of $1,000. What happens when the interest rate goes to 4 percent What happens when the interest rate goes to 2 percent
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