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How are services different from goods? Discuss marketing strategies (including those for managing demand and supply and quality) companies can use to market services.
Business Economics, Economics
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Consider a machine with exponential reliability model. Assume that the breakdown rate is 1 and the repair rate is 2. Calculate the probability that the machine is up for more than 10 units of time. Calculate the probabil ...
Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?
Benefits of abating emission: MB=500-20A Cost of abating emission: MC=200+5A What are the marginal benefit and marginal cost of abatement at socially efficient level of abatement? What is the net social benefit at the ef ...
In a study of children with a particular disorder, parents were asked to rate their child on a variety of items related to how well their child performs different tasks. One item was "Has difficulty organizing work," rat ...
Que Using appropriate diagrams, explain the likely impact of President Trump's proposed protectionist policies on macroeconomic equilibrium in Australia and the USA in the short term and in the long term. Please provide ...
IQ test scores of students are normally distributed with mean μ=100 and standard deviation σ=10. What is the 33th percentile of the IQ scores? For a randomly chosen student, what is the probability that his or her IQ sco ...
You are interested in comparing perceptions of police officers by race (African American, Hispanic/Latino, White) in Phoenix. You have collected data from a sample of Phoenix residents and asked them to make a survey tha ...
A worker earns $15 per hour at a plant and is told that only 2.5% of all workers make a higher wage. If the wage is assumed to be normally distributed and the standard deviation of wage rates is $5 per hour, the average ...
If Average Total Costs are 16.83 at 6 units of output, what are Total Costs?
Suppose A and B are collectively exhaustive. In addition, P(A) = 0.2 and P(B) = 0.8. Suppose C and D are both mutually exclusive and collectively exhaustive. Further, P(C|A) = 0.7 and P(D|B) = 0.5. What are P(C) and P(D) ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As