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In the interest of customer satisfaction, suppose that the Kroger Company conducted a study to determine the total time for cashiers to process a customer order during their busiest times of day. According to the study, the mean time an employee at Kroger takes to serve a customer is 175 seconds, and this time is exponentially distributed.
a. Determine the rate parameter.
Identify some complements and substitutes for the product
let w denote a random variable that has a poisson distribution with mean 2. finda. pw 2b. pw 3 andc. pw 3jw 1.the new
Draw a supply/demand diagram of the market for "loan able funds" in the U.S. Use the "interest rate" as the "price" of loan able funds on your diagram. Show the effects of a rise in the expected inflation rate on your diagram.
identify an instance where a price control is used in our markets. why do you think this price control exists? also
Political Economy GV307 : Consider the model of “no theft” where the consumer pays the official government price plus a bribe in order to obtain X. Assume that the official marginal revenue for selling the good in this context is given.
the paradise shoes company has estimated its weekly tvc function from data collected over the past several months as
1.explain how welfare creates work disincentives.2.discuss the factors that cause the average income of nonwhites to be
the government decides to embark upon a new initiative to conserve the countrys forested lands. congress doesnt want to
make a ppf for ray who can compose two blues songs in an hour or four jazz songs in an hour. include one point that is
Is there a dominant strategy? What is (are) the Nash equilibrium (equilibria)? Explain. Is there a mixed equilibrium strategy? What behavior would you predict for Delta in a one-play game and why
Analyze the impact of the selected domestic issue to the economy and suggest how the negative impact of the issue can be minimized. Provide support for your rationale.
What factors can cause an increase in the expected future exchange rate?
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