Answer:
Many people's wealth is held in stocks and as the price of stocks collapsed, they lost wealth.
Imagine that this happened to you. One day you are rich and that affects your spending habits. In a matter of few days or weeks, you lose a large portion of your wealth. So now, you are less rich or even poor. So your spending habits will be altered, i.e. you will spend less.
If you consider the economy as a whole, aggregate demand will fall, resulting in a decrease of aggregate supply, and an overall decrease of the GDP.
Answer:
The average # of customers in the line is 4.
Explanation:
arrival rate, x = 82/3600
= 0.023
service rate, y = 1/36
= 0.028
utilisation, p = x/y
= 0.023/0.028
= 0.821
average number of costomers = p^2/[1 - p]
= (0.821)^2/[1 - 0.821]
= 3.75
Therefore, The average # of customers in the line is 4.
Answer:
False
Explanation:
Farm cooperatives remain by far the most important food source in the world, both for direct human consumption and, indirectly, for livestock production inputs.
Since the mid-sixties, the world has managed to increase cereal production by almost one billion tons.
The business has expanded in recent decades, becoming a very prosperous industry.
