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Question 1: On a certain banking machine customer arrives at an average 15 per hour.
a. What is the probability that 12 customers will use the machine in the next hour?
b. What is the probability that there will be fewer than 3 customers in 10 minutes?
An oligopolistic market structure is distinguished by several characteristics, one of which is either homogeneous or differentiated products. What are some other characteristics of this market structure?
Explain why the classical supply curve is vertical. What are the mechanisms that ensure continued full employment of labor in the classical case? How does the Keynesian aggregate supply curve differ from the classical one? Is one of these specificati..
The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..
Why is it easier to explain a $ 2 million payout to Tiger Woods for working 4 days to win a Masters Championship that it is to explain why William Clay Ford made $ 30 million as CEO of Ford Motor Company?
with the aid of a diagram explain how a floating exchange rate is determined. Explain how will a depreciation of the rand influence our exports and imports.
International Trade Policies are very important for Multinational Enterprises (MNE) and governments. Answer the following questions: How does an international trade policy impact a MNE's strategy? Provide Examples. Why do governments sometimes interv..
Suppose the government issues debt to finance its fiscal deficits. The interest rate in the government debt is r=5% and suppose that output in the US shrinks at rate n = -1%. Then:
Complete the expense budget, budgeted statement of financial performance: you will need to add the non GST items to the expense budget, and the cash flow budget which has an opening cash balance of $42,000. The opening GST liability is $2,000 and ..
The graph shows the demand for on campus student housing at the University of Texas at Austin the college had 12,500 rooms for rent. the equilibrium rent is 125 a week and 12,500 rooms are rented. if the college sets a rent ceiling on on-campus housi..
If something (S) is very responsive to the actions of something else (E) then when that something else (E) makes a changes then the first something will also change very similiar. If someone is allergic to bees, I would say that person is very respon..
Share your experiences with malicious software such as adware, spyware, viruses, worms, etc. Have you had a computer infected with malicious software, if so how did you get rid of it? Also state why safeguards and software you use to prevent mal..
Set up a table oe spreadsheet for output (Q) price (P) total revenue(TR),marginal revenue (MR) total cost (TC marginal cost (MC) average cost (AC) profit (P). Establish a range for Q from 0 to 1000 in increments of 100 (i.e, 0, 100, 200....1000). Wha..
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