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1. Two customers move about among three servers. Upon completion of service at server i, the customer leaves that server and enters service at whichever of the other two servers is free. (Therefore, there are always two busy servers.) The service times at server i are exponential with rate ¼i, i = 1, 2, 3. If ¼1 = 7, ¼2 = 3 and ¼3 = 5, what proportion of time is each server idle?
Does this observation about Japan imply that the economic model does not explain behavior in Japan? Explain.
The company faces a market price of $15. Algebraically calculate the profit maximizing output and the level of optimal profit for the company.
During the next decade, per capita disposable income is expected to increase by $5,000. What effect will this have on the firm's sales?
Do you agree that for empowerment to work, managers should always set clear boundaries and live with decisions within these boundaries? Explain.
Use the Internet and Strayer databases to research the elasticity of demand for consumer goods and services in an industry of your choice. Be prepared to discuss.
You work for a compensation consulting firm. Discuss the key factors that will influence your recommendation for each of these three parameters.
1.The USA is the world's largest emitter of CO2, and China is the second largest. What issues arise from this in the formulation of a global policy to reduce CO2 emissions?
How will government regulation impact decision making and will the community's makeup be a consideration for decision makers?
Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 25 percent in last year.
Small teams were established that consisted of experts from the same functional field. Discuss the relative advantages and disadvantages of these two approaches to product development.
Estimate the price of a stock that has a one-period horizon, is expected to pay a dividend of $.20 per share for period,
How many dinners per month must Genos serve to break even - geno presently spends nothing on marketing. If Geno spent $30,000 on advertising a year, what would the breakeven number of dinners per month be then
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