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Waiting times to receive food after placing an order at the local Subway sandwich shop follow an exponential distribution with a mean of 58 seconds. Calculate the probability a customer waits: b. More than 112 seconds. (Round your answer to 4 decimal places.). c. Between 38 and 64 seconds. (Round your answer to 4 decimal places.)
What are the three tools involved with balance of payment details? What are some of the impact the Federal Reserve actions have? What are the types of tariffs?
Scarecrow Manufacturing will need to begin paying a licensing fee of $5697 at the end of year 6. Scarecrow will have to pay the licensing fee for 8 years, but the fee will decrease each year by $123. Scarecrow wants to spread out this cost so it woul..
An industry consists of six firms with sales of $2.1 billion, $5 billion, $0.7 billion, $8 billion, $9 billion and $4 billion. a. Calculate the Herfindahl-Hirschman index (HHI). b. Calculate the four-firm concentration ratio (C4). c. Based on the U.S..
How would an economist respond to the opinions expressed in this documentary? What aspects of the current food system would an economist view as a positive development?
Illustrate what can you say about the change in equilibrium price and quantity.
q.howard bowen is a large-scale cotton grower. the land as well as machinery he owns has a current market value of 4
Explain how is the equilibrium level of national income determined in the Keynesian cross model? What are the major limitations of this model.
The world's top for manufacturers on inexpensive random access memory chips, a key component of all consumer electronic devices, agreed to fines and jail term for several executive because of 1999-2002 price fixing. Use a suitable diagram to explain ..
How can an entrant mitigate the risks associated with sunk costs? How might sunk costs of entry actually facilitate entry?
Air Express bought a used Boeing 757 plane 5 years ago for $35,000,000. At the time the plane was bought, it was estimated that it would have a service life of 10 years and its salvage value at the end of its service life would be $10,000,000. Air Ex..
Output is homogenous and the demand curve is P = 448 − Q. There are two firms with identical costs given by C = q2 i where qi is the production of firm i. (a) Find the Cournot equilibrium firm outputs. (b) Find the Stackelberg equilibrium firm output..
Suppose the government decides to increase the tax rate on savings instruments. What will happen in the short-run? Use a graph to back up your answer. What happens in the long-run? Use a graph to back up your answer. Will GDP growth rates be affected..
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