A waiting line meeting the assumptions of M/M/1 has average time between arrivals of 2 per hour and service rate of 6 hour; the utilization factor is approximately
Q: Please explain how capital protect a bank from failure?
A: A bank failure happens when an insolvent bank is closed by a federal or state regulator.The…
Q: Question 2 Using a diagram like Figure 9.8 below: hoprolit curves Wage Demand curve (given economy…
A: The wage curve shows the actual wage needed at each level of employment in the economy to motivate…
Q: Barter economy O generates lower storage costs compared to the monetary economy makes price…
A: Barter economy refers to the economy where goods are exchanged for goods . This economy is also…
Q: Using the definition QxAC = TC where Q = output, TC = the total cost of production and AC = the…
A: The average cost of production is calculated by dividing the total cost (TC) by the total output…
Q: As a manager of a chaln of movle theaters that are monopolies in their respective markets, you have…
A: Price discrimination is a selling technique that charges clients various prices for a similar item…
Q: If a monopolistically competitive market became perfectly competitive, output would likely: Choose…
A: Monopolistic competition: - monopolistic market structure is the structure in which there is a large…
Q: The government is considering passing a regulation that will prohibit the use of a certain chemical…
A: Given, P1 = $5 Q1 = 6 million units P2 = $6 Q2 = 4 million units slope of demand curve, m=change in…
Q: Instructions: Analyze and answer the following questions A US Company plans to sell farm equipment…
A: Many factors like legal, economic, political, and cultural factors can affect the business condition…
Q: Economics 2. give two curvilinear equations of three sector economy: IS, where Y = 2000 – 5000r ISz…
A:
Q: A firm has the following average variable cost equation. AVC = 60 – 15Q+ Q? And the average total…
A: Average total cost is the sum of average variable cost and average fixed cost i.e., ATC = AVC + AFC…
Q: What are the similarities between African and feminist Ethics.
A: similarities between African and feminist Ethics African Ethics African ethics is seen as hereditary…
Q: efer to the diagram. Given Dm and Sm, an interest rate of i3 is not sustainable because the: A)…
A: Interest is charged on the principal amount for using the asset.
Q: Explanation it correctly and in detail. Q)As long as there is free entry into a market:- A.…
A: If there is free entry and exit in the market, such markets generally have high competition due to…
Q: Ampomah Group is a large is large Ghanaian consumer products company with origin in Nkawkaw in the…
A: Gross domestic product refers to the market value of final goods and services produced within the…
Q: Describe the characteristics of monopolistic competition and oligopolies and how cartels emerge in…
A: Monopolies and oligopolies emerge when there is a lack of competition. A monopoly exists when only…
Q: earns an annual interest rate of 2.75%.
A:
Q: Hi, there. I need a clarification of question number 1, which choice is the best answer?
A: The supply curve will shift to the left whenever there is an increase in the cost of production.
Q: Which of the following is a method a incumbent's can use to make limit pricing a credible threat?…
A: When talking about the competition at the marketplace, incumbents are the sellers who tries to get…
Q: A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost…
A: "A perfectly competitive firm is a firm which is price taker. In perfectly competitive market there…
Q: Briefly explain how public policy makers use the tools of Cost Benefit Analysis to decide whether a…
A: The cost-benefit analysis is a process which is used to measure the benefits of a decision or…
Q: Demand is said to be elastic when the: select correct and explain A) percentage change in…
A: Demand is that quantity of commodity which a consumer is willing and able to buy at each possible…
Q: Companies that extract crude oil are not the only entities responsible for the price of gas. What is…
A: Consumers are acutely aware of rising gasoline prices. Because of this, rising fuel prices (rather…
Q: Other things equal, an easy money policy will: A) reduce net exports. B) reduce GDP.…
A: Easy money can lead to more inflation.
Q: Two firms compete in the style of Cournot. Both firms have a constant marginal cost. No capacity…
A: Nash equilibrium is a concept used in game theory to describe the optimal answer in a…
Q: A firm earns $60 billion in profits and pays $45 billion in dividends for the year. The firm has 3…
A: Answer - Dividends:- It is the amount of cash payment a firm pay to it's shareholders which is…
Q: Demand Supply Triangle P2
A: Consumer surplus is defined as the distinction between the consumers' willingness to pay for a item…
Q: Economies to scale refer to Select one: a. the point at which marginal cost equals average cost.…
A: "Long-run average cost curve is used to determine the scale of production process."
Q: GDP deflator (GDP deflator for year t = nominal GDP for year t divided by the real GDP for year t)…
A: The measure that depicts the final value of goods and services being produced in an economy during a…
Q: Given the following marginal cost values for a given asset, determine the equivalent uniform…
A: The marginal costs are $3,500 in year 1, $3,150 in year 2, and $3,400 in year 3 for an existing…
Q: 21) The indivisible reserve of savings and credit cooperatives is NOT covered by COSSEC insurance.
A: Insurance is a contract in which the insured agrees to regularly pay a specified amount to the…
Q: In the Simple Keynesian Macroeconomic Model, which of the following will determine the level of…
A: In the simple Keynesian macroeconomic model, the level of autonomous spending by households will be…
Q: Question 5 In a monopolistically competitive industry, a firm’s demand curve also represents its...…
A: Monopolistically competitive industry has many firms. Their products are almost similar (close…
Q: Pa P. ATC P MC Demand Quantity MR Figure 15-15 shows the cost and demand curves for the Erickson F…
A: In monopoly, eqm Q(quantity) is found by the intersection of MC(marginal cost) and MR(marginal…
Q: 2. Assume equations 1 and 2 below were estimated from the data gathered that will represent the…
A: Given information Qdx=65000-11.25Px+15Py-3.75I+7.5A--(1) Qsx=7500+14.25Px-15Pz-3.75C---(2) equation…
Q: In the Simple Keynesian Macroeconomic Model, which of the following will determine the level of…
A: Answer is given below
Q: 3. The price-supply and price-demand equations of a certain product are given by p = S(x) = 15 +…
A: Given information Supply function P=15+0.1X+0.003X2 Demand function P=M-Nx
Q: Refer to the diagram. The initial aggregate demand curve is AD1 and the initial aggregate supply…
A: The aggregate supply curve represents the total supply of goods and services by an economy at each…
Q: Read the following scenario. Imagine a market where there is perfect competition between two or…
A: *Answer:
Q: Starting with a short run and long run equilibrium, assume a war breaks out, then," a.government…
A: Short-run equilibrium occurs at the intersection point of the short-run aggregate supply (SRAS) and…
Q: Melody Music Store has a total cost function of TC = 500 + 10Q + 5Q?. (a) Find the firm's fixed…
A: Total Cost is defined as the sum of Fixed Costs plus Variable Costs. Fixed Costs are those costs…
Q: ompare two methods of monopoly regulation.
A: To safeguard consumers' interests, the government may desire to regulate monopolies.Monopolies, for…
Q: In the Simple Keynesian Macroeconomic Model, which of the following will determine the level of…
A: Autonomous expenditure is the necessary expenditure.
Q: Suppose a closed economy has an aggregate consumption function given by C = 100 + 0.75Yd and…
A: The gross domestic product is the market value of final goods and services produced within the…
Q: Economics 2. give two curvilinear equations of three sector economy: IS, where Y = 2000 – 5000r ISz…
A:
Q: Suppose the current level of output is. Y = $1,850. Are firms in this economy experiencing an…
A: The expenditure function also called the aggregate demand function, shows expenditure to be the sum…
Q: In the following table, select the amount of each good that each country exports and imports in the…
A: Countries trade based on comparative advantage. A nation might enjoy a flat out benefit, meaning…
Q: Q1 - In perfect Competition short run abnormal profits are: competed away by: A- Firms exciting the…
A: A perfect competition is a structure of a market in which there are many sellers and buyers. The…
Q: An award is being established, and t will pay $11,200 every three years, with the fst instalment…
A: C = 11,200, r = 3%
Q: Refer to the diagram. Other things equal, the money demand curve in the diagram would shift leftward…
A: Graph Explanation: The Y-axis of the graph shows the interest rates and the X-axis shows the…
Q: OVID-19 pandemic effects on our society and relate it to the UN Sustainable Development Goals
A:
A waiting line meeting the assumptions of M/M/1 has average time between arrivals of 2 per hour and service rate of 6 hour; the utilization factor is approximately
Step by step
Solved in 2 steps
- The consultancy Imagination Inc. is working with its manufacturing client Parts-R-Us to improve their on-time performance. The firm can earn a bonus of up to $1,000,000 based on how much the on-time performance actually improves. It's current (baseline) on-time performance is 90%. The company typically completes approximately 1,000 orders per month, with approximately 100 orders delayed. The bonus payment is prorated according to the following criteria: · The on-time performance improvement is calculated based on a reduction in late events or an improvement in on-time performance. · No bonus is earned for the first 25% reduction in late events, say from 100 to 75. Maximum bonus is earned once Parts-R-Us achieves 95% on-time performance. Please answer the following: Write down a formula to determine the total bonus amount to be received Using your formula, show how much bonus would be paid if Parts-R-Us achieves 94% on-time performance.A construction company is evaluating the purchase of a new concrete mixer with hydraulic hopper and automatic controller. The mixer will have a first cost of BD 12,000, a life of 9 years, and no salvage value. It will require 2 operators at a cost of BD 4.500 per hour each. A total of one cubic meter of concrete can be poured each hour by the mixer. Alternatively, if human labor is used, 5 workers, each earning BD 4 per hour, are required to one cubic meter per hour. The estimated cost of the material is BD 21 per cubic meter and the MARR is 7% per year (clearly show the S.N., numeric answer, and final decision). a) Determine the minimum cubic meters per year to justify the purchase of the automatic mixer. b) The company expects to produce 140 cubic meters per year, which option should they select? Why?Find the average time per unit required to produce the first 30 units, if the slope parameter of the learning rate is 92% and the first unit takes 460 hours.(a) 330.693 (b) 305.5404 (c) 245 (d) 347.3211
- Given the selling price at P120 per unit; contribution margin at 25% and fixed cost at P250,000, the total variable expenses at the breakeven point would be? a.)350 000 b.)750 000 c.)450 000 d.)250 000The Food Max grocery store sells three brands of milk in half-gallon cartonsits own brand, a local dairy brand, and a national brand. The profit fromits own brand is $0.97 per carton, the profit from the local dairy brand is $0.83 per carton, and the profit from the national brand is $0.69 per carton.The total refrigerated shelf space allotted to half-gallon cartons of milk is 36 square feet per week. A half-gallon carton takes up 16 square inchesof shelf space. The store manager knows that each week Food Max always sells more of the national brand than of the local dairy brand and itsown brand combined and at least three times as much of the national brand as its own brand. In addition, the local dairy can supply only 10 dozencartons per week. The store manager wants to know how many half-gallon cartons of each brand to stock each week in order to maximize profit.If Food Max could get the local dairy to increase the amount of milk it could supply each week, would it increase profit?The student engineering society is building a snack cart to raise money. Members must decide what capacity the cart should be able to serve. To serve 100 customers per hour costs $10,310, and to serve 150 customers per hour costs $13,400. The 50% increase in capacity is less than 50% of $10,310 because of economies of scale; but the increase in net revenue will be less than 50%, since the cart will not always be serving 150 customers per hour. The estimated net annual income for the lower capacity is $3300, and for the higher capacity it is $4000. After 5 years the cart is expected to have no salvage value. The engineering society is unsure of what interest rate to use to decide on the capacity. Make a recommendation.
- for Vendor B, the life years is 9 years.A company manufactures screwdrivers and has fixed costs of SEK 3,400,000 and variable costs per screwdriver of SEK 6. These costs are not assumed to change with varying production volumes. According to company policy, the sales price is set at double the purchase price.The company's production capacity for screwdrivers is 900,000, but the target for production is for various strategic reasons set at a utilization rate of 70%. Calculate the company's safety margin in SEK, when the utilization rate has been reached and all produced screwdrivers have been sold.The delivered equipment oast for a fixed-bed carbon adsorption system with a capacity of 5000 acini was $100,000 in 1994. Estimate the installed cost of a similar system with a capacity of 7500 acfm in 2000.
- An item which can be sold for P63.00 per unit wholesale is being produced with the following cost data; labor cost, P10 per unit; material cost, P15.00 per unit; fixed charges, P10,000.00; variable cost, P8.00 per unit. What is the break-even sales volume if two out of every 10 units produced is defective and is rejected with only full recovery materials?The cost of producing a small transistor radio set consists of ₱23.00 for labor and ₱37.00 for materials. The fixed charges in operating the plant are ₱100,000 per month. The variable cost is ₱1.00 per set. The radio set can be sold for ₱75.00 each. Determine how many sets must be produced per year to break-evenA steam boiler is required as part of the design of a new plant. The types of fuel that can be used to ignite the boiler are natural gas, fuel oil, and coal. The cost of installation including all required controls is $40,000 for natural gas, $50,000 for fuel oil, and $120,000 for coal. In addition, the annual cost of fuel oil is $8,000 less than the annual cost of natural gas and $12,000 more than the annual cost of coal. The boiler is to be utilized for 20 years and interest rate is 8%. Using the most suitable approach, determine the best alternative. Is there any other consideration for the obtained result? As one way, please solve using either Cash Flow Analysis, Present Worth Analysis, or any other similar method. As a second way, use Excel software and include all required command statements require to solve it.