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Q. Phone calls arrive at rate of 48 per hour at reservation desk for Regional Airways.
a. Calculate probability of receiving three calls in a 5-minute interval of time.
b. Calculate probability of receiving exactly 10 calls in 15 minutes.
c. Assume, no calls are currently on hold. If agent takes 5 minutes to complete current call, how many callers do you expect to be waiting by that time? Illustrate what is probability that none will be waiting?
d. If no calls are currently being processed, illustrate what is probability that agent can take 3 minutes for personal time without being interrupted by a call?
Illustrate what is the equilibrium price. If supply at every price is reduced by five gallons, what will the new equilibrium price be.
Assume that household consumption decision suddenly become less sensitive to change in the rate of interest.
Illustrate would be the effect on D' of decreasing the variable cost per unit by 25% if the fixed costs thereby increased by 10%.
n the short run, a firm's total costs of producing the hundredth unit of output equal $10,000. If it produces one more unit, its total costs will increase to $10,150. What is marginal cost of the 101st unit of output.
Explain how can tax cuts help revive the economy include discretionary fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand-some-not all--of these and/or other terms from this week.
compute the breackeven output quantities for each alternative. What is the difference between movements along IS and LM curves and shifts of the entire curves.
Illustrate the effect of captial formation by comparing the production possibilty curves, at the present time and ten years in the future, for two economies.
Differentiate between Anticommunsim and McCarthyism , the perpective from which the media in 1947 to 1954 covered anticommunism and McCarthysim, american forgein policy desion impact anticommunism
Illustrate what are the levels of income every worker also consumption every worker at the initial period. Remembering that the change in the capital stock is investment less depreciation.
Which of the subsequent is a Keynesian conclusion about how adjustments occur in a recessionary gap?
Elucidate why would elasticity of demand be important to you in determining the products on which the taxes should be levied.
Assume that an English worker can produce 50 bottles whisky every hour or 1 sweater every hour.
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