Solution:
a. λ = 750
u = 1 card/4sec = 900 cards / hour
L(q) = 750^2 / 2*900(900-750) = 2.0833
L(s) = 2.0833+750/900 = 2.9166 W(s)
= 2.9166 /750 =0.003889
= 14.00 sec
In 14.00 sec would you expect the customer to wait in line, pay with the debit card, and leave
b. L(s) 2.9166 =3 cars (from the answer of question a)
3 cars would expect to see in the system.
Based on the given scenario above, if it is in the context of expectancy theory, the promotion has a negative valence for Alex. Negative valence means that the situation or event that a person is in results into or giving an effect to an individual that are likely negative-- in which the proposal gives as it affects his health more.
Answer:
The correct answer is: D. The supply increases more than the demand increases.
Explanation:
The law of supply and demand is the basic principle on which a market economy is based. This principle reflects the relationship between the demand for a product and the quantity offered of that product taking into account the price at which Sell the product.
Thus, depending on the price in the market of a good, the bidders are willing to manufacture a certain number of that good. Like the plaintiffs they are willing to buy a certain number of that good, depending on the price. The point where there is a balance because the plaintiffs are willing to buy the same units that the bidders want to manufacture, for the same price, is called the market equilibrium or breakeven point.
According to this theory, the law of demand states that, keeping everything else constant, the quantity demanded of a good decreases when the price of that good increases. On the other hand, the law of supply indicates that, keeping everything else constant, the quantity offered of a good increases when its price does.
Answer:
Hey, Sure, I'll to be your friend
Answer:
$180 per pair
Explanation:
Return on Investment (ROI) is the ratio of net earning on the investment. It is used for the financial decision to compare different companies total earning over amount invested by the company.
Return on Investment = Net Income / Investment
As per given Condition
50% = Net Income / $1,800,000
Net income = $1,800,000 x 50%
Net income = $900,000
Net Income per pair of shoes = $900,000 / 5,000 pairs = $180 per pair