Answer:
The correct answer to the following question is option D) quantity supplied of striped shorts will decrease.
Explanation:
Here as people's preference changes from striped shorts to plaid shorts, then the quantity supplied of stripped shorts will decrease and quantity supplied of plaid shorts will increase. Here the supply curve of striped shorts will not decrease because here there has been no increase or decrease in the production cost of shorts due to the change in people's preference, and if there is no change in the production cost of the striped short then how the supply curve would change and that;s why op
The firms focus on improving marginal returns. Apart from this, they focus on specialization which increases the output. The amount of labor the firm plans to hire depends on the level of output it requires. The firm keeps adding new workers until output reaches its crest or peak.
Answer:
(a) So Frank’s monthly payment = 2/3 ($7,200) (A/P, 0.75%, 36) (6 points)
= $4,800 (0.0318)
= $152.64
(b) Frank owed the October 1 payment plus the present worth of the 27 additional payments.
Balance = $152.64 + $152.64 (P/A, 0.75%, 27) (6 points)
= $152.64 (1 + 24.36)
= $3,870.95
Explanation:
Answer:
Arrival rate, λ = 4 per hour
Service rate = 1/service time = (1 / 9 minute) * 60 minutes per hour = 20/3 = 6.67 per hour
a) Average number of trucks in system, L = λ/(μ-λ) = 4 / (20/3-4) = 1.5 trucks
b) Average time spent in the system, W = L/λ = 1.5/4 = 0.375 = 0.38 hour
c) Total system cost per day = (2*18 + 75*1.5) *8 = $ 1188 per hour
d) New service rate, μ' = (1/7 minutes) *60 minutes per hour = 8.57 per hour
Average number of trucks in system, L = λ/(μ'-λ) = 4/ (60/7 - 4) = 0.875 = 0.88 trucks
e) Average time spent in the system, W = L/λ = 0.875/4 = 0.2187 = 0.22 hour
f) Total system cost per day = (2*18 + 90*0.88) *8 + 200 = $ 1121.6 = 1122 per day
g) Based on above cost analysis, we see that Total system cost per day is lesser in after the new equipment is installed. Therefore, it is worth to install the new equipment.
Explanation:
A good way that Anthony is reducing his lenders risk is the fact that he is taking a larger stake in the asset he is purchasing.
<h3>What is the lenders risk?</h3>
This is the risks that borrowers or people that go to financial agencies face when they collect loans and are unable to repay it or meet the loans obligations.
The risk here is being reduced by Anthony given the fact that he has a larger stake in this loan.
Read more on lenders risk here: brainly.com/question/9636559