Mark has invested in Evu Confectioners. He owns 220 shares of stock in Evu Confectioners, with each share costing him $14.79 api
2 answers:
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Answer:
$14
Step-by-step explanation:
The revenue from sales of fans is the product of the number of fans sold and the price at which they are sold:
R(p) = n·p = (1960-70p)p
R(p) = 70(28 -p)p
This equation describes a parabola that opens downward and has zeros at p=0 and p=28. The axis of symmetry is halfway between those zeros, at p=14. It goes through the vertex or point of maximum revenue.
The price for maximum revenue is p = 14 dollars.
Answer:
The answer is B) 0.57.
Step-by-step explanation:
In this problem we have to apply queueing theory.
It is a single server queueing problem.
The arrival rate is and the service rate is
.
The proportion of time that the server is busy is now as the "server utilization"and can be calculated as:
where c is the number of server (in this case, one server).