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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.
3) Which of the following is a disadvantage of the corporate form of business organization?
Explain how have they implemented the policy changing the "interest rate", changing the reserve ratio, or open market operations. How has this policy impacted you and/or your company.
Illustrate one half the present value of a $30,000 annuity for 30 years when discounted at 4 percent.
Because bagels and cream cheese are often eaten together, they are complements. We observe that both the equilibrium price of cream cheese and the equilibrium quantity of bagels have risen.
A welfare system in which benefits take the form of cash payments to recipients is preferable to one based on the use of price subsidies on merit goods. Discuss this statement using consumer theory to illustrate your arguments.
Expalin why do many economists believe that the market system is the most efficient economic system for allocating resources.
short run profit maximization a monopolistically competitive firm faces the following demand and cost structure in the
Near new car is expected to earn an economic profit of $20,000 each year for the next years. the discount rate is 10 percent. Assume profits are received at the end of the year.
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate Explain what is meant by a built-in stabilizer and give two examples
The demand schedule (or demand function or curve) for a good shows the total quantities (Q) that buyers are willing and able to buy at various prices (P) in some period of time. For example, here is a demand function illustrating the very special ..
Assume you were appointed economic adviser to a less-developed nation in Africa. The nation seeks to encourage capital formation and wants to increase the rate of saving.
Use the following equations for exercises 16-18. C=$100+0.8Y, I=$200, G=$250, X=$100-0.2Y 1. What is the new equilibrium level of real GDP if government spending increases by $150? 2. What is the new equilibrium level of real GDP if government spendi..
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