Society under allocates resources

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Q. Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past yr the mean lead time demand for bandage BX-5 was 60 (also was normally distributed). Additionally the standard deviation for BX-5 was 7. Ms. Flynn would like to maintain a 90% service level.

Q. The supply of diodes is P=30+Q/5. The demand for diodes is P=90-Q. Find the equilibrium cost, quantity, revenues, producer surplus, construction costs, consumer surplus also total gains from trade.

Q. When a society under allocates resources to the construction of a good or service, it indicates that the:

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