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Q. In a process re are two servers, who are utilized 80% of time. It takes two minutes to process each customer. Arrival rate of customers and processing times of customers each have a coefficient of variation = 1.0. On average, how many customers are standing lines?
Q. Custom bike company has set up a weighted scoring matrix for evaluation of potential projects. Using scoring matrix, which project would rate highest? Lowest?
A firm sells its product in a perfectly competitive market where or firms charge a price of $80 per unit. Illustrate what price should firm charge in short run.
Now allow Foreign and Home to trade with each other, at zero transportation cost. Find out and draw a graph of equilibrium under free trade.
Amy Jane, a new manager at C & D Grooming, has been asked to focus on the competitive environment of the organization. Illustrate which of these factors is among those Amy Jane should focus on.
Evalute the shape of the indifference curves of the following utility functions and find MRS for each function.
List all of the possible outcomes under each of the strategies. What is the expected number of delivered (unbroken) eggs under eachstrategy.
Disability payments replace a higher fraction of the wages of low-wage workers than of high-wage workers.
Describe the differences between the substitution effect of a wage increase and the income effect of a wage increase
The function for the net exports is NX=200-100e, where e, is the exchange rate, and the exchange rate is initially 1.0.
Illustrate what would happens to the equilibrium price and quantity. The widget firm in Springfield is competitive,with numerous buyers and sellers.
illustrate what type of unemployment will then occur. What is the natural rate of unemployment.
illustrates the likely effect on the marketplace for eggs. Indicate in each case the impact on equilibrium cost also equilibrium quantity.
Consider the following short-run production function: q = 5L2 - 1/3L3. Illustrate at what level of L do diminishing marginal returns begin. At what level of L do diminishing returns begin.
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