1. The size of the economy currently stands at US$10,000m, however unemployment is a major problem due to the downturn in the economy caused by the pandemic and a fall in export revenue of is two major exports - natural gas and oil. The unemployment rate has risen to 10% and the economy has been declining since 2014. The Minister of Finance has decided to implement a fiscal stimulus package worth $500m comprising mostly of higher government spending on infrastructure projects. The government plans to finance some of its expenditure by borrowing from domestic sources such as commercial banks. Currently the marginal propensity to consume (MPC) is 0. 65, partly reflecting consumers’ willingness to save given the uncertainty in the economy.



(i) What is the Keynesian prescription for a government that is managing an economy that is contracting and there is high unemployment? Mention one of the assumptions of Keynesian economics 5 marks



(ii) Draw a Keynesian cross showing the current equilibrium GDP at US$10,000m 5 marks


(iii) Calculate the Keynesian spending multiplier? 1 mark


(iv) Given the size of the multiplier and the size of the fiscal stimulus (higher government expenditure) what would be the actual change in gross domestic product? 2 marks



b) Draw a Keynesian cross showing the change in aggregate expenditure, the new equilibrium and the change in GDP as a result of the fiscal stimulus


10 marks


(ii) If the MPC is 0. 80 and the government wanted to grow the economy to US$12,000m how much would the government need to spend to reach its GDP target? 5 marks




2) Classical economists are not supporters of higher government spending to alleviate unemployment and a recession. They believe that prices such as wages and interest rates need to adjust.


(i) State one assumption of classical economists 1 mark


(ii) Classical economists believes that higher government spending financed by domestic borrowing leaves aggregate demand unchanged because of the ‘crowding out effect’. Explain what is the ‘crowding out effect’ and use it to explain how higher government spending financed by domestic borrowing leaves GDP unchanged.


5 marks



(ii) If higher government spending was financed by higher taxes why would aggregate demand still remain unchanged according to classical economists?


2 marks


(iii) Keynesian economists focus on the demand side of the economy while classical economist focus on the supply side and are not proponents of increasing aggregate demand to increase GDP. What sort of investments classical economists recommend that would trigger long run economic growth? 3 marks

Answers

Answer 1

The total cost of software M over time in this scenario is $8,100. It is essential to note that the cost of software can change over time due to factors such as upgrades, maintenance, and support, which can impact the total cost of ownership.

Software cost over time is an essential factor to consider when making a decision on purchasing software. The cost of software usually varies depending on factors such as the level of satisfaction, performance, and customer support. In this scenario, we will discuss the total cost of software M over time based on the given satisfaction level and cost per satisfaction category.

The total cost of software M over time can be calculated based on the satisfaction level and cost per satisfaction category. In this scenario, we have four satisfaction categories: 95%, 55%, 45%, and 5%. Each category has a different cost associated with it, as follows:

95% satisfaction: $0

55% satisfaction: $0

45% satisfaction: $18,000

5% satisfaction: $2,000

To calculate the total cost of software M over time, we need to consider the percentage of users in each satisfaction category and the cost associated with each category. For example, if 45% of users are satisfied with software X, which costs $18,000, and 55% of users are not satisfied with software M, which costs $0, we can calculate the total cost of software M over time as follows:

Total cost = (percentage of satisfied users x cost of satisfied users) + (percentage of unsatisfied users x cost of unsatisfied users)

Total cost = (45% x $18,000) + (55% x $0)

Total cost = $8,100 + $0

Total cost = $8,100

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Related Questions


Mention ONE other source of wealth other than inheritance

Answers

Answer:

Power is another source other than inheritance.

Hope this helped you!

Explanation:

How is the knowledge/

Question 2 of 10
Which of the following is a benefit of contributing to a retirement account?
A. The amount of income that's taxable is reduced.
B. Contributions double each timbs they are deposited.
C. As long as you contribute, you don't have to pay any taxes.
D. Money deposited can be taken out at any time.
SUBMIT

Answers

It should be noted that a benefit of contributing to a retirement account is A. The amount of income that's taxable is reduced.

What is the benefit of retirement account?

It should be noted that employee contribution can help in reducing taxable income.

Contributions and investment gains won't be taxed until they're distributed.

Therefore, the benefit of contributing to a retirement account is the amount of income that's taxable is reduced.

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APEX: Biology Sem1; Dry Lab 2.4.3

2. What is the name of the enzyme that breaks down:
a. Protein?
b. Carbohydrate?
c. Fat/Oil

Answers

Answer:

b. Carbohydrate?

Explanation:

Answer:

I attached my entire lab submission with all the correct answers. I got 50/50. Please don't plagiarize any of my answers, but you can reference them :)

Explanation:

(btw i know this is really late, but it could help others alkngkfjga)

Brian has come to see Monica at Elite Salon & Spa for his regular biweekly pedicure appointmentAs construction worker Brian spends most of his time standing and wearing boots for many hours at time, so his feet suffer the past week has been especially rough , and Brian is really looking forward to his appointment with Monica What should Monica do first when he brings Brian back to the pedicure chair?

Answers

Answer:

Monica should First examine Brian's feet and toenails.

Explanation:

One of the things people dealing with nails otherwise known as nail technicians does is not all about doing pedicures and manicures for their clients alone they also learnt about Bacteriology and nail diseases so they can give advice on nails management to their numerous clients.

Monica, after the examination should advice Brian to get a new pair of shoes in order to inhibit fungal growth. If Brian do not do this, he will likely get a tinea pedis later. After the advice, Monica should massage Brian's feet. Below are the steps Monica should follow:

=> Examine the feet and toenails.

=> Give advice and Massage.

=> Deep the feet into cool water for some minutes .

Answer:

examine his feet and toenails

Explanation:

In this scenario when Brian comes to meet Monica for a pedicure, she will need to first look at Brian's feet to determine the best course of action depending on the damage that has been done on Brian's feet.

For example she could examine his feet and realise he has athletes foot.

Athletes foot occurs when a person's feet are enclosed in a confined space such as a shoe and there is sweat.

Irritation is noticed between the toes and soles of the feet, and antifungal cream can be used to treat it.

In this case this is most likely the diagnosis for Brian as he stand s for long and wears boots

What is the purchase price of a
$1,000, 7.5% bond with semiannual coupons redeemable at
par in 10 years if the bond is bought
to yield 6% compounded semiannually?

Answers

If the coupon rate is 7.5%, and it is redeemable at par in 10 years, then the purchase price of the bond is $1,023.10.

How to find?

The bond is purchased to yield 6% compounded semi-annually. We need to calculate the purchase price of the bond.

Formula for calculating the present value of a bond

\(P = C × (1 - (1 + r)-n / r) + FV / (1 + r)n\)

where, P = Present value of the bond

C = Coupon payment

r = Discount rate (yield)

FV = Face value of the bond

n = Number of years

Coupon payment C = Coupon rate × Face value / 2

Coupon payment C = 7.5% × 1,000 / 2

= $37.50

Discount rate r = Yield / 2

Discount rate r = 6% / 2

= 3%

Number of years n = 10 years × 2

= 20P

= 37.5 × (1 - (1 + 0.03)-20 / 0.03) + 1,000 / (1 + 0.03)20P

= $1,023.10.

Thus, the purchase price of the bond is $1,023.10.

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Ian is interested in purchasing bonds, but he is looking for bonds that aren’t related to the government. Which type of bonds would you suggest he purchase?

treasury bonds

municipal bonds

corporate bonds

general obligation bonds

Answers

Answer:

The principal of a Brady bond is backed by U.S. Treasury bonds that are deposited with the Federal ... A corporate bond has a 12% nominal yield. ... General Obligation Bond's credit risk:.

Explanation:

try it

Treasury bonds are the  type of bonds would you suggest the purchase. Hence, option A is correct.

What is Treasury bonds?

Until they complete, Treasury bonds provide a fixed rate of interest every six months. They are given out for 20 or 30 year contracts. Treasury Direct is where a person may purchase Treasury bonds from a financial institute. Additionally, a person can purchase them from a bank or broker.

Treasury bonds are among the safest assets a person can buy because they are supported by the full faith and credit of the United States Government. They often don't provide a very high return because there is so little chance that you will lose money.

Thus, option A is correct.

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If a social networking site is interested in generating pure publicity, it will want to relate to as many tiers of communities as it can by utilizing a A. personal information system B. viral hook C. attractive female spokesperson D. handsome male spokesperson E. treble hook allows companies the ability to specifically target customers with advertisements when they are on-site. O A. Geofencing B. Viral hooks OC. Crowdsourcing OD. Publishing O E. Monetization One of the two data categories of social media is content data. Content data is defined as A. data about customer ecommerce purchases B. data about user relationships O C. data that describes social media content D. content generated exclusively by paid consultants O E. data and responses contributed by social media users

Answers

**If a social networking site is interested in generating pure publicity, it will want to utilize a viral hook.**

A viral hook is a strategy or feature that encourages users to share content or engage with the platform, leading to rapid and widespread dissemination of information. By incorporating a viral hook, a social networking site can increase its visibility and reach across multiple tiers of communities, thereby generating pure publicity. Option B) viral hook aligns with this objective, making it the correct choice.

Content data, one of the two data categories of social media, is defined as **data that describes social media content**. It includes information such as the type of content posted, timestamps, engagement metrics (likes, shares, comments), and other metadata associated with the content itself. This data provides insights into the nature and characteristics of social media content and how users interact with it. Options A, B, D, and E do not accurately define content data, but option C) data that describes social media content correctly describes this category.

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the idea that corporations should be conscious of their impact on all stakeholders is known as corporate

Answers

Companies can be aware of their impact on the economic, social, and environmental aspects of society by engaging in corporate social responsibility, often known as corporate citizenship.

The incorporation of socially beneficial activities and practises into a corporation's business model and culture is known as corporate social responsibility (CSR), often referred to as corporate conscience and corporate citizenship.

Stakeholder theory is a perspective on how business actually functions. It claims that in order for a business to succeed, it must add value for stakeholders such as customers, suppliers, employees, and communities as well as investors such as shareholders, banks, and other sources of funding.

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Waylon is back-to-school shopping with his mom at a large
department store. He's picked out the following items: 3 pair of
pants for $87 total, 4 t-shirts for $48 total, 1 backpack for $35, 1
hoodie for $26, 1 pair of shoes for $37. When they get to the
register, they see this sign:
BIGGEST BACK TO SCHOOL SALE OF THE SEASON
Spend $100
Spend $200
Spend $300
Spend $400
Save 10%
Save 15%
Save 20%
Save 30%

Answers

Waylon's Purchase will cost $198.05, and section B depends.

Section A is 85% of 233 since thats the total, making the answer to section A $198.05. The answer to section B depends because if he wants more school supplies, then yes, he would want to buy more things for better deals. But if he’s on a budget, then he wouldn't want to spend as much money since saving 20% on something over $300 is more than saving 15% on something over $200. THIS IS ONLY THE ANSWER IF YOU SEE A SIGN IN THE ASSIGNMENT THAT SAYS: Spend $100, save 10%, spend $200, save 15%, spend $300, save 20%, and spend $400, save 30%.

Week 2 Homework Template (You can use this or your own style) Year of the Case: Case Name: Plaintiff (One making the accusation) Defendant (One defending themselves (or organization) against the accusation) The Reason for the Case (The issue) Facts of the Case (Details of the case, include the applicable employment law/standard) The Conclusion of the Case (Judgement made)

Answers

--------------------------------------------------------

Week 2 Homework Template

--------------------------------------------------------

Year of the Case:

Case Name:

Plaintiff (One making the accusation):

Defendant (One defending themselves or organization against the accusation):

The Reason for the Case (The issue):

Facts of the Case (Details of the case, include the applicable employment law/standard):

1.

the case.]

2. [Include any key details related to the employment law or standard that applies to the case.]

The Conclusion of the Case (Judgment made):

1. [State the final judgment or decision made by the court.]

2. [Include any significant outcomes or consequences resulting from the judgment.]

--------------------------------------------------------

Please note that when you are using this template to present an actual case, you should provide accurate and specific details based on the case you are discussing. Ensure that you have access to the necessary information and legal documentation related to the case.

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A 35-year-old client purchases a variable life insurance policy. Under current regulations, the maximum sales charge permitted over the life of the policy is A) 9% B) 8.5% per premium payment C) 9% per premium payment D) 8.5% of total premiums over the life of the plan

Answers

Answer: 9%

Explanation:

A variable life insurance policy is simply referred to as a contract between an individual and the insurance company. In the case of death to the individual, a certain amount would be paid to the family of the individual.

It should be noted that under current regulations, the maximum sales charge permitted over the life of the policy is 9% and this period should not be more than twenty years.

Labor relations is the process of dealing with employees who are represented by a. a union b. the government c. a task force d. the board of directors of the firm

Answers

Labor relations is the process of dealing with employees who are represented by a union. Here option A is the correct answer.

Labor relations can be defined as the process of managing employee relationships. When an organization employs a large number of people, managing the employer-employee relationship becomes a difficult challenge. Furthermore, this is especially true when employees join unions or have representation.

Thus, it is important to develop a labor relations policy that allows the company to accomplish its objectives while also maintaining good employee relationships.

Therefore, labor relations refer to the management of labor unions, negotiations, and disputes, as well as any other labor-management relations, such as the formation of contracts between an employer and a union, and so on. Therefore option A is the correct answer.

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define human resources​

Answers

Answer:

Human resources (HR) is the division of a business that is charged with finding, screening, recruiting, and training job applicants, as well as administering employee-benefit programs.Human resources is the personnel of a business or organization, regarded as a significant asset in terms of skills and abilities.Human resources are defined as the people employed by a company or the department in a company in charge of hiring, training, benefits and records.

Hope it helped u

What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.

Answers

Answer:

A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU

In Piccadilly Square in London, TDK has a giant, elaborate, animated electronic sign that incorporates movements and flashy graphics to gain attention in a high traffic area. This form of outdoor advertising is an example of a(n)

Answers

The form of outdoor advertising that is being referred to in Piccadilly Square in London, where TDK has a giant, elaborate, animated electronic sign, is called Digital Out of Home (DOOH) advertising.

DOOH advertising refers to digital advertising that is displayed in public places, such as on billboards, digital screens, or interactive kiosks. It is a rapidly growing form of advertising, as it offers a unique and engaging way to reach consumers who are on the move. DOOH advertising can incorporate dynamic and interactive elements, such as animations, videos, and real-time data, to create a memorable and impactful experience for viewers. This form of advertising is particularly effective in high traffic areas, such as Piccadilly Square, where there are large numbers of people passing through. Overall, DOOH advertising is a powerful tool for brands to raise awareness, engage with consumers, and ultimately drive sales.

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I WILL MARK BRAINIST IF CORRECT

What is the best way to prevent germs from spending when coughing or sneezing?
Cover mouth with tissue
Cover mouth completely with hand
Sneeze in upper sleeve
Turn head away to sneeze

Answers

Answer:

Cover mouth wirh tissue

Explanation:

The CDC recommends that you cover your mouth and nose with a tissue when you cough and or sneeze.If you find yourself without tissue,cough or sneeze into your upper sleeve rather than your hands.

Answer:

cover mouth with tissue

what are the three main purposes of a labor union?

Answers

Gain a just reward for your labor by engaging in collective bargaining. Negotiate for favorable perks and a secure retirement. Ensure that workplaces are respectable and safe.

What are a labor union's three major goals?Organized labor organizations campaigned for greater pay, more flexible hours, as well as safer working conditions for individuals in the industrial sector.A group of two or more people who band together to pursue shared goals—such as pay, benefits, scheduling, as well as other employment terms referred to as a labor union.Historically, unions have been active in politics for 3 motives: to advance justice and equitable economic opportunities for everyone; to defend the achievements made through bargaining; and to win acknowledgment of the right of employees to establish unions and engage in collective bargaining.

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What is meaning of GDP per capita?

Answers

A measure of a nation's economic production that takes into consideration its population is called GDP per capita.

The term GDP stands for Gross Domestic Product. GDP per capita is computed by dividing the nation's total GDP by population. Instead of relying solely on the nation's GDP, determining per capita is a  more accurate way to gauge a nation's wealth. Even though it ignores economic inequality, it provides a rough notion of the populace's average living circumstances.

It gives an overall impression of the average income or degree of economic well-being for every citizen of a nation. It is a widely employed indicator of a nation's quality of life and is regularly used to determine how each nation's economy is performing. A higher GDP per capita typically indicates a higher standard of living and economic prosperity.

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Identify and discuss the six principles of control activities. Suggest the two most important principles for an online retail business versus a brick-and-mortar retail business. Provide support for your rationale.

Answers

The six principles of control activities are as follow: establishment of responsibility, documentation procedures, independent internal verification,segregation job, physical control, or human resource control.

Human resources play a crucial role in implementing effective control activities. Through proper selection, training, and supervision of employees, businesses can minimize risks and maintain integrity. Human resource controls ensure that individuals with the necessary skills and qualifications are assigned appropriate responsibilities. They also facilitate the establishment of responsibility by clearly defining roles and holding employees accountable for their actions. Additionally, human resource controls contribute to the segregation of duties principle by ensuring that critical tasks are distributed among different individuals, reducing the risk of fraud and errors.

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On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000. The following additional information is also available:Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215,000.Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000.Plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)Plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end.Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:_____________A. $194,000B. $209,000C. $200,000D. $171,000E. $156,000

Answers

The  amount that Plunkett should report in ending inventory on December 31 is: E. $156,000.

Ending inventory

Using this formula

Ending inventory= Ending inventory balance - FOB destination goods purchased - Goods being held on consignment

Let plug in the formula

Ending inventory= $215,000 - $44,000 - $15,000

Ending inventory= $156,000

Therefore the correct option is E.

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Which group within the structure of the Federal Reserve System is charged with facilitating check collection and electronic funds transfers?

A. U.S. Treasury agents
B. Board of Governors
C. Federal Reserve Banks
D. Federal Open Market Committee

Answers

The group within the structure of the Federal Reserve System is charged with facilitating check collection and electronic funds transfers is Federal Reserve Banks.

What is the Federal Reserve Banks?

Facilitating check collection and electronic funds transfers is one of the important functions of the Federal Reserve Banks, which are part of the Federal Reserve System. These banks act as intermediaries between financial institutions and help to clear checks and process electronic funds transfers.

This function is essential to the smooth functioning of the financial system and the economy as a whole. The other options listed - U.S. Treasury agents, Board of Governors, and Federal Open Market Committee - have different roles and responsibilities within the Federal Reserve System.

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ashburn corporation issued 20-year bonds 2 years ago at a coupon rate of 7.2 percent. the bonds make semiannual payments. if these bonds currently sell for 95 percent of par value, what is the ytm?

Answers

If the price of these bonds is currently 95% of their par value, The YTM of these bonds is approximately 7.5%.

What is the YTM?

YTM (Yield to Maturity) is the total return expected on a bond if it is held until the maturity date. It is the internal rate of return of the bond, taking into account all coupon payments and the face value of the bond. In this question the answer in the step by step order given below

Calculate the present value of the bond.

The present value of the bond can be calculated by multiplying the face value of the bond (also known as par value) by the current market price of the bond (in this case, 95%).

Present Value = Par Value x Market Price

Present Value = 100 x 0.95

Present Value = 95

Calculate the present value of the coupon payments.

The present value of the coupon payments can be calculated by multiplying the coupon payment amount by the present value of an annuity factor.

The annuity factor can be found using a financial calculator or by using the following formula:

Annuity Factor = [1 - (1/(1+r)^n)] / r

Where r is the interest rate (in this case, 7.2%) and n is the number of payments (in this case, 40).

Annuity Factor = [1 - (1/(1+0.072)^40)] / 0.072

Annuity Factor = 37.3

The present value of the coupon payments can then be calculated by multiplying the coupon payment amount (7.2% of par value) by the annuity factor.

Present Value of Coupon Payments = Coupon Payment Amount x Annuity Factor

Present Value of Coupon Payments = 0.072 x 100 x 37.3

Present Value of Coupon Payments = 267.2

Calculate the YTM.

The YTM can be calculated by solving for the interest rate that makes the present value of the bond equal to the present value of the coupon payments. This can be done using a financial calculator or by trial and error.

For this example, the YTM is approximately 7.5%.

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Uber and spotify have a streaming partnership that allows riders to stream their personal spotify playlists while riding with uber. This inter-organizational relationship affords both uber and spotify a business advantage and is best described how?.

Answers

The relationships between Uber and Spotify that allows for streaming while in an Uber is known as a Non-equity alliance.

What is a Non-equity alliance?

It is a type of partnership between businesses to boost their sales and patronage in order to increase revenue.

Companies that get into this type of alliance maintain their independence and don't own shares in the other company. Uber and Spotify are independent but working together so this is a non-equity alliance.

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Answer:

The partnership between Uber and Spotify which had a streaming collaboration is an example of a strategic alliance.

What is a strategic alliance?

A strategic alliance refers to a business arrangement between firms  to undertake a mutually beneficial project while each retains its independence

In conclusion, a strategic alliance's benefit is that it allows partners to scale quickly and build innovative solutions for their customers.

An international business is a firm that
Part 2
A. hires​ non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.

Answers

Option D: An international business is a firm that engages in international trade or investment.

Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.

It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.

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Explain the importance of scale of preference to individual​

Answers

Opportunity cost like other basic concepts of Economics – scarcity, scale of preference and choice is important to an individual who represents the consumer or household, or firm or productive unit and the government that form the three decision making bodies in an economy.

A scale of preference can be defined as the list of a person's needs or wants written in an order of importance. You will observe that the person puts his most important needs or wants at the top of the list.

A scale of preference is a list of goods and services (for example, shoes, socks, books, haircut, and so on) prepared for purchase in order of priority. It is a priority rating of all individual wants, according to their importance in one's valuation and the means to achieve or obtain them.


Most new jobs in the United States will be in the a manufacturing industries:

b. goods-producing industries

C. service-producing industries

d. agriculture-producing industries

Please select the best answer from the choices provided

Α
B
С
D

Answers

Answer:

d agriculture-producing industries

Most new jobs in the United States will be in manufacturing industries service producing industries.  The correct option is c.  

In the United States, manufacturing is an important economic sector. The United States is the world's third-biggest manufacturer (after the People's Republic of Chine and the European Union), with a record high real output of $2.00 trillion (adjusted for inflation in 2009 dollars) in Q1 2018, significantly above the $1.95 trillion peak before the Great Recession in 2007.The manufacturing industry in the United States employed 12.35 million people on December 2016 versus 12.56 million in December 2017, a 1.7% rise.

Manufacturing, while still a significant portion of the US economy, contributed less to GDP in Q1 2018 than the 'Finance, insurance, real estate, rental, other leasing' sector, the 'Government' sector, or the 'Professional and business services' sector.

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Customers arrive at Rich​ Dunn's Styling Shop at a rate of 4 per​ hour, distributed in a Poisson fashion. Service times follow a negative exponential​ distribution, and Rich can perform an average of 6 haircuts per hour.


1. The average number of customers waiting for haircuts= ​(round your response to two decimal​ places).

2. The average number of customers in the shop= ​(round your response to two decimal​ places).

3. The average time a customer spends in the shop= ​(round your response to two decimal​ places).

4. The percentage of time that Rich is busy= ​(round your response to two decimal​ places).

Answers

A Poisson distribution describes how customers arrive; on average, there are 1.5 clients in the store at any given time, with an average of 0.9 waiting for haircuts. An average haircut wait time is 0.3 hours. In the store, where customers spend an average of 0.5 hours, Rich is busy 60% of the time.

A customer is any person or organisation that makes a purchase from another firm. Because they provide revenue, customers are essential to businesses because they would not exist otherwise.

Given Data: rate of arrival = 3customers/hr ; rate of service = 5 haircuts/hr;

a) Average number of customers = La = λ²/[μ(μ-λ)]  = 3²/[(5(5-3)]

Average number of customers = La = 0.9

b) Number of customers in system = Ls = λ/(μ-λ)

= 3/(5-3) Number of customers in system = Ls = 1.5

c) Average waiting time = Ta = λ/[μ(μ-λ) = 3/[(5(5-3)]

Average waiting time = Ta =0.3hrs or 18mins

d) Average time spent by customer = Ts = 1/(μ-λ) = 1/(5-3)

Average time spent by customer = Ts = 0.5hrs or 30mins

e) % of time  = Tr = λ/μ = 3/5

% of time  = Tr = 0.6 or 60%

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If 60% of the population is female and 30% of females buy physical therapy services, and 70% of men buy physical therapy services, is there more demand for physical therapy from women or men?

a. women
b. men

Answers

Answer:

Men.

Explanation:

Well, 70% of 40% (100% - 60%) = 28% total population demand.

30% of 60% = 18%

28% > 18%

Answer:

Men

Explanation:

Let the number of men and female be 100

60% of 100 is 60

Therefore there are 60 female

30% of 60 is 18

so 18 women buy physical therapy

40% of 100 is 40

Therefore there are 40 men

70% of 40 is 28

so 28 men buy physical therapy

28>18 therefore there is a greater demand of physical therapy from men

List 3 responsibilities that a consumer has when making a purchase.

Answers

Answer:

check receipt, know the return policy, read the fine print

Explanation:

Welcome

The output effect of a change in the wage rate on a firm's demand for labor input will be greater A. the larger the share of labor costs in total costs and the greater the price elasticity of demand for output. B. the larger the share of labor costs in total costs and the smaller the price elasticity of demand for output. C. the larger the share of labor costs in total costs and the higher the quantity demanded. D. the smaller the possibilities of substituting capital for labor.

Answers

Answer:

A. the larger the share of labor costs in total costs and the greater the price elasticity of demand for output.

Explanation:

In the case when there is the change in the wage rate so the output impact on the demand of the firm with respect to the labor input should be greater. And, if the share of the labor cost should be greater in the total cost also at the same time the price elasticity of demand with regard to the output is higher

Therefore the option A is considered

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