Answer:
UNIF(2.66,3.33) minutes for all customer types.
Step-by-step explanation:
In the problem above, it was stated that the office arranged its customers into different sections to ensure optimum performance and minimize workload. Furthermore, there was a service time of UNIF(8,10) minutes for everyone. Since there are only three different types of customers, the service time can be estimated as UNIF(8/3,10/3) minutes = UNIF(2.66,3.33) minutes.
- The equilibrium price is $1.12.
- If price is $0.98, there would be scarcity of Super Widgets.
- When price is $0.98, quantity demanded is y.
- When price is $0.98, quantity supplied is x.
- When price is $1.22, there would be a surplus of Super Widgets.
<h3>What is equilibrium? </h3>
Equilibrium price is the price at which the quantity demanded equals the quantity supplied. The equilibrium price is $1.12.
Above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus. When price is below equilibrium price, quantity supplied would be less quantity demanded and there would be a scarcity.
To learn more about equilibrium, please check: brainly.com/question/26075805
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64 is the answer and apparently it needs to be longer than 20 characters
Yes i think it is reflection try reflection
