Aconsumer is trying to decide between two long-distance calling plans. the first one charges a flat rate of 10¢ per minute, whereas the second charges a flat rate of 99¢ for calls up to 20 minutes in duration and then 10¢ for each additional minute exceeding 20 (assume that the calls lasting a noninteger number of minutes are charged proportionately to a whole-minute's charge). suppose the consumer's distribution of call duration is exponential with parameter λ. (a) explain intuitively how the choice of calling plan should depend on what the expected call duration is.
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Business, 21.06.2019 20:30
Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. b. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. c. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. d. the federal reserve bank acts as an insurance company that pays customers if their bank fails. 2b2t
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Business, 22.06.2019 20:00
Experienced problem solvers always consider both the value and units of their answer to a problem. why?
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Business, 22.06.2019 20:20
As you have noticed, the demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. also, the current buyers of flip phones are mainly categorized under laggards. which of the following stages of the industry life cycle is the flip phone industry in currently? a. growth stage b. maturity stage c. decline stage d. commercialization stage
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Aconsumer is trying to decide between two long-distance calling plans. the first one charges a flat...
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