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emmasim [6.3K]
3 years ago
10

Give three examples of non price competition.

Business
1 answer:
Dimas [21]3 years ago
3 0
<span>Physical 
location
service</span>
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Deadweight losses occur when the quantity of an output produced is: less than, but not when it is greater than, the competitive
IRINA_888 [86]
I think the correct answer would be the first option. Deadweight losses occur when the quantity of an output produced is  less than, but not when it is greater than, the competitive equilibrium quantity. It is also known as allocative inefficiency. It is a loss of efficiency that will happen when the equilibrium of a good is not reached or the supply and the demand of a good are not in equilibrium such that the quantity of the goods is less than the equilibrium quantity. It is a loss due to inefficient use of the resources available. Price controls, minimum wage and taxation are said to cause deadweight loss.
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3 years ago
A manuscript is sent to a typing firm consisting of typists A, B and C. If it is typed by A, then the number of errors made is a
spin [16.1K]

Answer:

(a) E(X) = 3

(b) Var(X) = 12.1067

Explanation:

(a) E[X]

E[X]T = E[X]T=A + E[X]T=B + E[X]T=C

         = (2.6 + 3 + 3.4)/3

         = 2.6 (1/3) + 3(1/3) + 3.4(1/3)

         = 2.6/3 + 1 + 3.4/3

         = 3

(b) Var (X) = E[X²]−(E[X])²

Recall that if Y ∼ Pois(λ), then E[Y 2] = λ+λ2. This implies that

E[X²] = [(2.6 + 2.6²) + (3 + 3²) + (3.4 + 3.4²)]/3

         = (9.36 + 12 + 14.96)/3

         = 36.32/3

         = 12.1067

Var(X) = E[X²]−(E[X])²

          = 12 - 3²

          = 12.1067 - 9

          = 3.1067

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3 years ago
Currency Transaction Reports mandated by Anti-Money Laundering rules require a report to be filed in which of the following situ
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Explanation: Currency Transaction Reports mandated by Anti-Money Laundering rules require a report to be filed when any of the below stated transactions occur in an account.

1. If the daily aggregate cash transactions of an individual exceeds $10,000

2. if 2 different transactions within a 12 months period seems related and their aggregate exceeds $10,000 must be reported.

3. Any suspicious customers action that suggest that they are laundering money or otherwise violating federal criminal laws and committing wire transfer fraud, check fraud, or mysterious disappearances should be reported

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Short definition for business cycle ?
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A cycle or series of cycles of economic expansion and contraction.
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