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Maslowich
3 years ago
14

Purchasing power is a producer's ability to buy goods and services. answer true false

Business
1 answer:
Black_prince [1.1K]3 years ago
6 0
Having money with which to buy goods and services is called purchasing power
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Agan Interior Design provides home and office decorating assistance to its customers. In normal operation, an average of 2.5 cus
Phantasy [73]

Answer:

A) Single-server single-phase model (M/M/1).

\lambda=2.5 \,customers/hour\\\\\mu=6\,customers/hour

B) The goal is not met, as the average time waiting for service is 5.56 minutes.

C) The new mean service rate is 7.5 customers/hour.

In this case, the average time waiting for service is 4 minutes, so the goal is met.

Explanation:

A) This situation can be modeled as a single-server single-phase model (M/M/1).

The mean arrival rate is 2.5 customers per hour.

\lambda=2.5 \,customer/h

The mean service rate is 6 customers per hour, calculated as:

\mu=\frac{60\, min/h}{10 \,min/customer}=6\, customer/h

B) The average waiting time for a customer can be expressed as:

W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda}  =\frac{2.5}{6}\frac{1}{6-2.5} =0.417*0.222=0.093\,hours\\\\W_q=0.093\,hours*(60min/h)=5.56 \,min

The average waiting time is 5.56 minutes, so it is more than the goal of 5 minutes.

C) If the average time spent per customer to 8 minutes, the mean service rate becomes

\mu=\frac{60\, min/h}{8 \,min/customer}=7.5\, customer/h

An the average waiting time for the service now becomes:

W_q=\frac{\lambda}{\mu}\frac{1}{\mu-\lambda}  =\frac{2.5}{7.5}\frac{1}{7.5-2.5} =0.333*0.2=0.067\,hours\\\\W_q=0.067\,hours*(60min/h)=4 \,min

The average time is now 4 minutes, so the goal is achieved.

6 0
3 years ago
PLEASE HURRY- I'M TIMED!!!!!
mezya [45]

Answer: answer number 2

Explanation: it is the number answer 2 because you first open it then date stamp it and sort then distribute

6 0
2 years ago
Read 2 more answers
Identify a romantic couple in a TV series or movie that goes through several of Knapp's Stages of Relational Development. Descri
Artyom0805 [142]

Answer:

Stagnation

Explanation:

There are several stages in Knapp's stages of relational development. The  stages are as,

Experimentation

Intensifying

Integration

Bonding

Differentiation

Circumscribing

Stagnation

Avoidance

Termination

I recently saw a movie in which there was a couple who was going through integration period of Knapp's relational development. They express their love for each other and plans to marry soon. Once they are married they identify the difference in their cultures because both of them belonged to different religion. The difference start to create problems between them and they now quarrel with each other over small things. The relation goes into circumscribing stage where there is less exchange of information between the couple and they avoid talking to each other. There is an increase communication gap between two. As the movie moves to climax both of them are in Stagnation stage where each of them feels stuck in this relationship and suddenly there is an accident and one of them dies. The movie ends with lifetime regrets for the one who survives.

3 0
2 years ago
Name and explain the relationship between triple bottom line and social responsibility
solong [7]

Social business responsibility means that one company responsible for their product or service. Triple Bottom Line is one of the theories in business sphere. It means that one company is a member of the moral community, so it gets social responsibilities. Triple Bottom Line includes economic sustainability, social sustainability and environmental sustainability. If all three components are executed , then the business is developing successfully<span>.</span>

7 0
3 years ago
Damon convinced his aunt to lend him $6,900 to purchase a plasma digital TV. She has agreed to charge only 12 percent simple int
siniylev [52]

Answer:

444

Explanation:

Simple Interest for a year can be calculated using

I = PRT/100

P= Principle amount

R= percent simple interest

T= time

(3700)(12)(1)/100 = 444

3 0
2 years ago
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