The City of New York added a new subway station in a neighborhood between two existing stations. After the station was built, the average house price increased by $12,000 and the average commute time fellby 15 minutes per day. Suppose that there is one commuter per household, that the average commuter works5 days per week, 50 weeks per year, and that the benefits of reduced commuting time apply to current andfuture residents forever. Assume an interest rate of 5%. Produce an estimate of the average value of timefor commuters based on this information.

Grace period is a period of time before the credit card company starts charging late fees.truefalse

Consider an economy where government expenditures are 10 and total tax revenues are 10. the supply of labor is fixed at 125 and the supply of capital is fixed at 8. the economy is described by the following equations. y k to the power of 1 divided by 3 end exponent l to the power of 2 divided by 3 end exponent c 2.5 + 0.75 ( y - t ) i 10 - 0.5 r the level of private savings is

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?