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?Janson's Department Store in? Stark, Ohio, maintains a successful catalog sales department in which a clerk takes orders by telephone. If the clerk is occupied on one? line, incoming phone calls to the catalog department are answered automatically by a recording machine and asked to wait. As soon as the clerk is? free, the party who has waited the longest is transferred and serviced first. Calls come in at a rate of about 10 per hour. The clerk can take an order in an average of 3.0 minutes. Calls tend to follow a Poisson? distribution, and service times tend to be negative exponential.
The cost of the clerk is ?$10 per? hour, but because of lost goodwill and? sales, Janson's loses about ?$27 per hour of customer time spent waiting for the clerk to take an order.
Janson's is considering adding a second clerk to take calls. The ?store's cost would be the same ?$10 per hour. The total cost? (service cost +waiting ?cost) = ?$_______ per hour ?(round your response to two decimal?places).
As a result of the subprime collapse, the demand for low -quality corporate bonds ________, the demand for high-quality Treasury bonds ________, and the risk sp
Refer to the following table which gives the demand and cost data for a price-setting firm: What is the maximum amount of profit that this firm can earn? What is the profit-maximizing price?
Suppose nominal GDP rose from 6250 billion in 1995 to 6630 billion in 1996. If the GDP deflator rose from 125 to 130 during this time, what was the percent growth in real GDP? Given the data in part (a), what was the rate of inflation for goods and s..
q1. why i having a nominal anchor important for you to achieve inflation targets ? what is the drawback of using a
If not, should the firm increase or decrease the amount of capital used in its production process?
How is history of third generation computers relating with the hisotry of other generations.
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Norwood Corp. currently has accounts receivable of $1,406,000 on net sales of $5,312,000. What are its accounts receivable turnover ratio and days’ sales outstanding (DSO)? Laurel Electronics has a quick ratio of 1.38, current liabilities of $4,480,1..
Assuming the most typical shapes of the demand and supply curves, which of the following could lead to an increase in the current equilibrium price for personal computers?
The returning champion gets all three of the "daily doubles"? c. Each of the players selects precisely one of the "daily doubles"?
The price of good Y is Py=$2. What's the demand of good X respectively when Px=1/4, 1/2, 2 and 4 dollars?
Explain the effect of expansionary monetary policy on the real risk-free interest rate (R), real GDP, and the price index (PI).
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