Suppose your company has a simple service process. Customers arrive at the rate of 48 per hour. They are currently served at the rate of 60 per hour. a) Compute the utilization, average time a customer spends waiting for service to begin, and the average number of people in the system. b) The numbers above are long-term averages. At any given time, the number of people in the system may be more or less than your computed average. The company believes that when there are more than 10 people in the system, customer satisfaction drops significantly. What percentage of time are there more than 10 people in the system

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?

land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)