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The weekly amount of downtime Y (in hours) for an industrial machine has approximately a gamma distribution with α = 3 and β = 2. The loss L (in dollars) to the industrial operation as a result of this downtime is given by L = 30Y + 2Y 2. Find the expected value and variance of L.
Crew Brew produces a popular brand of beer in its mini-brewery located on a small river in Kentucky. Assume that capital can be purchased for $8 per unit, and labor costs $6 per unit. What is the optimal combination of inputs for the firm to employ..
a firm currently uses 50000 workers to produce 200000 units of output per day. the daily wage per worker is 80 and the
Explain how McGregor's Theory Y assumptions can create self-fulfilling prophecies consistent with the current emphasis on participation and involvement in the workplace. How do ethical dilemmas complicate the workplace
Indicate your understanding of the current state of the economy by reporting whether you believe we are in a recession, a trough, in a recovery, or at a peak of the business cycle given a comparison of current and historical levels of real GDP.
What type of supervisory style is used, does this supervisor use team projects and what intrinsic and extrinsic rewards are used?
a. in the presence of an underground economy likely to result in a gini coefficient that overstates or understates
suppose your firm produces olive oil in a perfect competitive market and is currently earning zero economic profits.
develop an application to track employee health care expenses and company health care costs. health care premiums
Affect resource conservation and the speed of depletion?
The owner-manager of Good Guys Enterprises obtains ulility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures.
the demand function for einstein bagels has been estimated as followsqx -15.87 - 40.73px 84.17py 0.55ax where qx
Use the Phillips Curve to describe the tradeoffs between inflation and the unemployment rate, both in the short-run and in the long-run.
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