Answer:
When the price level falls, the number of dollars needed to buy a representative basket of goods
decreases, so the value of money falls
Explanation:
This best explains the law of demand and supply, the higher the price the lower the quantity demanded while the lower the price the higher the quantity demanded.
<span>She could persuade the owners to add more funds to the company, thereby giving them more financial capital to work with. This will allow the business to purchase more (or higher-quality) items with which to work and produce the items that they are selling.</span>
The last station responsible for handling the after-sales processes goes out correctly is First Out.
<h3>
What is FIFO?</h3>
First In, First Out (FIFO) is a system of asset management and valuation in which assets created or acquired first are sold, used, or disposed of first.
For tax purposes, FIFO assumes that the assets with the oldest expenses are included in the cost of goods sold on the income statement (COGS). The remaining inventory assets are matched with the most recently purchased or manufactured assets.
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Answer:
(a) 75% (b) 25% (c) 2.25 customers (d) 12 minutes (e) 0.25 (f)0.237
Explanation:
Solution
Given that:
The Arrival rate at Poisson distribution = 15 per hour = λ
The Service rate at exponential distribution = 20 per hour = μ
(a) System utilization = λ/μ = 15 / 20 = 0.75 = 75%
(b) The Probability of zero requests in server = 1 - λ/μ = 1 - 0.75 = 0.25
or
The percentage of time server will be idle = 25%
(c)The expected number of customers waiting to be served = Average number of customers in line = λ^2/μ (μ-λ ) = 225 /20(20-15) = 45 /20 = 2.25
Therefore, it is expected that on an average, 2.25 customers are waiting in line to get served.
(d)The average time customers will spend in system = 1/(μ-λ )
=1/(20 - 15) = 1/5 hours = 12 minutes
(e)The probability of zero customer in system = 1 -λ/μ = 1 - 0.75 = 0.25
(f) The probability of more than 4 customers in the system = (λ/μ)^ 4+1
= (15/20)5 = 0.237
Answer:
The U.S. is a market oriented economy with moderate taxation and regulations.
The measures that the U.S. government has taken to create economic growth, stability, full employment, freedom, security, equity and efficiency are mostly market oriented: lower taxes for corporations and some individuals, less regulations, the signing of free trade agreements, the promotion of applied research with universities in alliances with the private sector, and so on.
These policies have been largely succesful. Gross domestic product has continued to grow at a steady pace ever since the 2007-2008 financial crisis was overcome. Inflation has been in the target that is set by the Federal Reserve, and as for GDP Per Capita, the U.S. has one of the highest GDP Per Capita in the world, with $62,000 USD per person in 2019.