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In a serial system with two servers in sequence, suppose that the interarrival time follows exponential distribution with a mean of 3 minutes. The service time of the first server has a mean of 1 minute with a standard deviation of 2 minutes. The service time of the second server has a mean of 2 minutes with a standard deviation of 1 minute.
What is the total cycle time of the serial system?
You wish to purchase a $1,000 bond from a friend who needs the money. There are 7 years remaining until the bond matures, and interest payments are quarterly. You decide to offer $750.08 for the bond because you want to earn exactly 16% per year comp..
If as price decreases by 10 percent, total revenue increases by 5 percent, what is true about demand? In 2014, India substantially increased its import tariff on sugarcane. Which of the following would the model of supply and demand not predict?
Suppose that Sally’s preferences over baskets containing food (good x), and clothing (good y), are described by the utility function U (x, y) = √x + y. Sally’s corresponding marginal utilities are, 1 MUx=2√x and MUy=1. Find Sally’s food demand functi..
Elucidate which following is true in market of a monopoly
Why doesn't the U.S. simply restrict all goods coming in from China? Why can't the U.S. just minimize the amount of imports coming in from all other countries?
Who benefits from a tariff or quota? Who loses? Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy?
What are the reasons that make it important such that governments have to regulate the money flow in an economy?
If price equals average total cost, economic profit will:
Describe the Taylor rule. If the Fed were following the rule, what would the nominal Fed funds rate be if inflation over the past year were 4% and output were 1% below its full-employment level? Assume that the inflation target and equilibrium real i..
How does the way we answer this question affect the kind of healthcare system we might embrace?
A man decides to spin a wheel 6 times. each time he spins the wheels, he has a 0.2 probability that the wheel will stop on a red space. if he spins the wheel 6
For each of the following decision-making problems, determine whether the problem involves constrained or unconstrained optimization; what the objective function is and, for each constrained problem, what the constraint is; and what the choice variab..
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