Imagine you now work for Dan's Pet Empurrium, the World's Greatest purrveyor of cat-related items (and other pets! Look we've expanded!). You've been tasked with managing the customer flow for the checkout process. You've decided to start by analyzing the current set-up. Using the information below, report the average time a customer waits in line in minutes (rounded to the nearest tenth of a minute, i. e., one decimal). Current set-up:

# severs Arrival rate Service rate # of lines
1 4 customers/hour 4.4 minutes/customer 1

Assume the arrival and service distributions are Poisson distributed.

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

What does the term "smalling up" mean, according to white? what ways have you or people you know had to "small up"? if you haven't, what ways could you?