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a regional manager visits local fast food franchises and evaluates the speed of the service. If the manager receives her meal with 45 seconds, the server is given a free movie admission coupon. If it takes more than 45 seconds the server receives nothing. Throughout the company’s franchises, the probability is 0.60 that a meal lwill be served with in 45 seconds. What is the expected number of coupons a counter employee will receive when serving the regional manager?
Which of the following was not a contributing cause of the decline in investment and thus the recessionary expenditure gap occurring during the U.S. recession of 2001.
Illustrate that there are any extra costs or benefits due to this shift.
The government wants to increase real GDP demanded to $15 trillion at the given price level
Assume the United States economy is in a deep recession explain how does this recession affect the US major trading partners such as China, Canada and Japan.
Explain the concept behind the governments TARP program and the ensuing stimulus packages that were implemented.
The government sets a price floor of $5 in the above market. Is this price control binding? If so, is there a shortage or a surplus and what is its magnitude.
Joe's search costs are $7 per search. He wants to buy a DVD player for his wife for Christmas and lowest price he's found so far is $200. Should Joe continue to search or buy a DVD player at a price of $200.
What is this firms total cost function, average cost function, average variable cost function and marginal cost function.
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
The financing of a government deficit increases interest rates also, as a result, reduces investment expenditure.
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
Calculate the elasticities for each of the variables. On this basic, discuss the relative impact that each variable has on the demand. What implications do these results have for the firm's marketing and pricing policies.
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