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The roads recently paved by low bidding company revealed an average of two defects per mile after being used for one year. Using a Poisson distribution, if the county retains the same paving company, what is the probability of at most 1 defects in any 1 mile of road after carrying traffic for one year?
q.address the following questions1. what is the elasticity of the demand for cookbooks bought this way?2. is the
It is well known that, at times, public administrators have to make unpopular decisions. Propose two (2) leadership skills that are required for making difficult decisions in the current political environment. Next, propose two (2) actions that publi..
To get going with your business very quickly, you plan to buy an existing business. You expect the business you are buying to have an after tax cash flow $8 million per year for the next 5 years. Your WACC is 10% returns. What is the maximum amount y..
Assuming that prices are set competitively (i.e. set equal to MC of producing services), show in a supply-demand graph how we could measure the “efficiency loss” (or deadweight loss) associated with health care over-consumption
The Container Transportation Company is trying to adjust the recently design pricing and allocation model to increase even more its future revenues. Based on these changes, what is the optimal pricing policy and containers allocation for the High dem..
A sample of 30 boxes of Fruit Loops was chosen and each box was weighed. The mean weight of the sample was 22 ounces with a sample deviation of 0.4 ounces.
Find Q*, P*, consumer surplus, producer surplus, and total variable costs. Make a graph and label it. What is the elasticity of supply at the solution point? What is the elasticity of demand?
Marketing suggests lowering PT from $20000 to $15000. The size of the elasticity coefficient in #1 should tell you what is likely to happen to revenue. Explain why this is (or is not) a good marketing suggestion from a revenue viewpoint. If the impli..
ACNE Corporation currently has a 20% market share in a $15 billion industry (measured by sales revenue). EMCA Corporation currently has a 17% market share in that same industry. What is the sales revenue for each corporation?
To properly justify the governmental provision of a public good, it must be the case that the __________ and that __________.
Define quality and prevention in healthcare, including the benefits they provide.
Discuss the common allegation that when all firms in an industry are charging the same price, this indicates the absence of competition and the presence of some form of price-setting agreement.
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