Virginia’s Ron McPherson Electronics Corporation retains a service crew to repair machine breakdowns that occur on average l = 3 per 8-hour workday (approximately Poisson in nature). The crew can service an average of m = 8 machines per workday, with a repair time distribution that resembles the negative exponential distribution.

(a) What is the utilization rate of this service system?
(b) What is the average downtime for a broken machine?

Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.

Match the steps for conducting an informational interview with the tasks in each step.

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false