Answer:A market economy is a system where the laws of supply and those of demand direct the production of goods and services. 1 Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.
Explanation:
Question:
The operations manager for a well-drilling company must recommend whether to build a new facility, expand his existing one, or do nothing. He estimates that long-run profits (in $000) will vary with the amount of precipitation (rainfall) as follows:
Alternative Precipitation
Low Normal High
Do nothing -100 100 300
Expand 350 500 200
Build new 750 300 0
If he feels the chances of low, normal, and high precipitation are 30 percent, 20 percent, and 50 percent respectively, What is EVPI (Expected value of Perfect Information)?
A. $140,000
B. $170,000
C. $285,000
D. $305,000
E. $475,000
Answer:
D. $170,000
Explanation:
The expected long run profits are for
Low Normal High
Do nothing -100*0.3 100*0.2 300*0.5 = 140
Expand 350*0.3 500*0.2 200*0.5 = 305
Build new 750*0.3 300*0.2 0*0.5 = 285
Therefore the expected long run profits are
$140,000
$305,000
$285,000
Based on his selected option being either to build new or to expand, the most profitable option is to expand
=$305,000
EVPI = EPPI-EMV =$170,000
Answer:
Explanation:
The standard equation of the sinusoidal wave in one dimension is given by

Here, A be the amplitude of the wave
λ be the wavelength of the wave
v be the velocity of the wave
Φ be the phase angle
x be the position of the wave
t be the time
this wave is travelling along positive direction of X axis
The frequency of wave is f which relates with velocity and wavelength as given below
v = f x λ
The relation between the time period and the frequency is
f = 1 / T.
The answer is 2.49 x 10^5 KJ. This was obtained (1) use the formula for specific heat to achieve Q or heat then (2) get the energy to melt the copper lastly (3) Subtract both work and the total energy required to completely melt the copper bar is achieved.
Answer: 1. walking across a carpet and touching a metal door handle 2. pulling your hat off and having your hair stand on end.
Explanation
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