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In Model 3-1, suppose that instead of having a single source of parts, there are three sources of arrival,one for each of three different kinds of parts that arrive: Blue (as before), Green, and Red. For eachcolor of arriving part, interarrival times are exponentially distributed with a mean of 16 minutes. Runthe simulation for 480 minutes and compute the same performance measures as for Model 3-1. Oncethe parts are in the system, they retain their correct color (for the animation) but are not differentiatedfor collection of statistics on time in queue, queue length, or utilization (that is, they're lumped togetherfor purposes of processing and statistics collection on these output performance measures); however,collect statistics separately by part color for total time in system. Processing times at the drilling centerare the same as in Model 3-1 and are the same regardless of the color of the part.
The marginal external expenses associated with air pollution increases with the yearly output of a polluting industry.
Illustrate what are the impacts of an easy monetary policy on the price-level and real output
A share of the common stock of the company currently sells for eight times current earnings. Management and outside analysts expect the growth rate of earnings and dividends for the company to be 7.5 percent per year. Calculate the cost of equity ..
Your production line has recently been producing a serious defect. One of two possible processes, A and B, could be the culprit. From past experience you know that the probability that A is causing the problem is 0.8 but investigating A costs $100..
Venus Computer can produce 23,000 personal computers a year on its daytime shift. The fixed manufacturing costs per year are $2 million and the total labor cost is $9,109,000.
Illustrate what price is required to maximize income but keep profits at a minimum of $300?
Suppose that the MPC has a value of 0.95. If this is true, then a $10 million increase in disposable income (YD) will have what impact on the value of total consumption in the economy?
Utilizing the concept of opportunity costs, why would the latter product management team be less than receptive to the all-day breakfast menu?
Describe the US household is harmful to the economy with the use of AS-AD diagrams.
What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar? When we purchase German products, does our demand for euro go up or down?
Describe a difference-in-difference procedure to estimate the impact of microfinance on poverty rates. What will you measure? When? What will the treatment group(s) and control group(s) be?
Describe when and why central banks buy either their own currency or the currency of another nation in an effort to control exchange rates.
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