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3 years ago

How much time, on average, would a server need to spend on a customer to achieve a service rate of 20 customers per hour?

Business

1 answer:

Alex787 [66]3 years ago

5 0

Answer:

3 hour 18 minutes or 3 hour

Explanation:

According to the given situation, the computation of time on average is shown below:-

The Average waiting time in the system

= $\frac{1}{\mu} -\gamma$

Now we will put the values into the above formula to reach the time on average which is here below:-

$= \frac{1}{20} - 1$

$= \frac{1}{19}$

= 0.053 × 60 minutes

= 3 hours 18 minutes

We assume $\gamma$ is 1 hour

Therefore for computing the time on average we simply applied the above formula.

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If Best Buy sells a handheld personal planner for $199.99 and Best Buy marked up the personal planner 35% on the selling price,

Vlad [161]

That is the correct answer

7 0

4 years ago

Indicate whether each of the following actions represents foreign direct investment or foreign portfolio investment.

jasenka [17]

Answer: a. Foreign direct investment

b. Foreign portfolio investment

Explanation:

a. Opening a retail store in a foreign country is a foreign direct investment. This simply means a scenario whereby one establishes a business in another country that is different from ones own country. For example an American establishing a business in Japan is a foreign direct investment.

b. Buying corporate stock in a retail chain in a foreign country is a foreign portfolio investment. This is a situation when one buys shares, bonds etc in another country.

4 0

4 years ago

Which industry is an example of monopolistic competition

Black_prince [1.1K]

<h2>Independently owned and operated high-street stores and restaurants is an example of monopolistic competition.</h2>

Explanation:

The model of monopolistic competition describes a common market structure in which firms have many competitors, but each one sells a slightly different product.

Clothing industry- Marketing and branding is the main separator between different evidently similar black shirts.
The fast-food industry- where a burger made by McDonald’s is quite similar to a burger made by Burger King, though consumers usually have a preference between the two chains.
Independently owned and operated high-street stores and restaurants- In the case of restaurants, each one offers something different and possesses an element of uniqueness, but all are essentially competing for the same customers.

8 0

3 years ago

Cooley company's stock has a beta of 1.32, the risk-free rate is 4.25%, and the market risk premium is 5.50%. what is the firm's

balu736 [363]

11.51%

The required rate of return = risk-free rate + Beta * (market risk premium)

Here, we multiply the beta of 1.32 times the market risk premium of 5.50%, then add the risk-free rate of 4.25% to get the required rate of return, or 11.51%.

6 0

4 years ago

What is the basic purpose of the consumer price index (CPI)? A. to track monthly changes in prices paid by urban consumers B. to

Elina [12.6K]

Answer:

A). to track monthly changes in prices paid by urban consumers.

Explanation:

CPI(Consumer Price Index) is characterized as 'a statistical estimate of the price level of goods and services bought by consumers for consumption purposes by the households.' It primarily aims to estimate the change or swap in the prices of the weighted average price of the common basket(consumption goods, as well as, services that the consumers pay for). It is calculated using the formula;

$CPI_{t} = \frac{C_{t} }{C_{0} } * 100$

where,

$CPI_{t}$ = current Consumer Price Index

$C_{t}$ = Current price basket

$C_{0}$ = Cost of price basket in the base year

It assists in deducing whether the average prices have received a fall or rise and determines inflation or deflation. Thus, <u>option A</u> is the correct answer.

6 0

3 years ago