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Question
On Black Friday, customers arrive at a Gap store at a rate of 100 customers per hour during 6am to 12pm. The store is only able to serve 90 customers per hour. Assume that no more customers are coming after 12pm. At 9am, how many customers are waiting? How long does it take to serve the 10th customer in the line? If a customer arrives at 9am, how long does it take for her to receive service? When can the store finish serving all the customers?
How many shoes and jeans will she buy? What is her maximum utility? Please explain to what effect (income, substitution or both) do you attribute the change in her utility levels between part (2) and (3).
What are the values of the intercepts for the horizontal and vertical axis and What is the slope of this equation - What is the slope of this equation
dayton metal corporation dmc a medium-sized manufacturer of fabricated metal parts is considering whether to enter the
American Pulp Corp. (APC) has entered into a contract to harvest timber for $450,000. Compute the depletion allowances for Years 4 and beyond
Imagine that you are managing a small firm and thinking about entering the market of a monopolist. The monopolist is currently charging a high price.
Should National Midland invest in the publishing facility? What assumptions might the marketing director have made to make the investment look worthwhile?
If the Cobb-Douglas parameter a takes the conventional value of about 1/3, how much higher should income per worker be in Richland compared to Poorland?
Swinging for Female Golfers One of the hottest areas of innovation is in clubs for women, who now make up nearly a quarter of the 24 million golfers.
You buy a bond for $1118 that pays $20 interest every 6 months. It will reach maturity in 9 years at which time it will return its face value of $1000 plus the final $20 interest payment. What is the pre-tax annual rate of return on this bond? Estima..
What is the economic justification for the merger and Are there any antitrust concerns with the merger? Is there a role for government in regulating this merger?
What type of market structure Apple Company can be considered to be in? Clearly explain your answer and provide at least 3 reasons to support your answer.
Suppose the economy consists of a union and a nonunion sector. The labor demand schedule in each sector is L = 1 ,000,000 - 20w. The total (economywide) supply.
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