3.The monopolist faces a demand curve given by D(p) = 10p-3 . Its cost function is c(y) = 2y. What is its optimal level of outpu
1 answer:
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Answer:
a
b
c
Step-by-step explanation:
From the question we are told that
The average number of passengers that arrive per minute is
The average number of check that can be carried out in one minute is
Generally the probability that a passenger will have to wait before being checked for weapons is mathematically represented as
=>
=>
Generally the number of passengers are waiting in line to enter the checkpoint is mathematically represented as
=>
=>
Generally the average time a passenger spend at the checkpoint is mathematically represented as
=>
=>
Answer:
Step-by-step explanation:
The compound interest formula is equal to
where
A is the Final Investment Value (future value)
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above