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A consulting firm rents taxis from three agencies , 20% from agency A, 20% from agency B and 60% from agency C. if 10% of the taxis from A, 12 % of the taxis from B, and 4% of the taxis from C have bad tires.
a) What is the probability that the firm will get a taxi with bad tires?
b) What is the probability that a taxi with bad tires rented by the firm came from agency A?
At one Starbucks café in Swansea, cars arrive at the Drive-Thru at a rate of 25
per hour and only one drive-thru till is open. The average time it takes for an
order and collection is 5 minutes. Assuming that the interarrival time and the
service time are both exponentially distributed. Calculate the average number
of customers arriving at the till and the average time they must wait before
exiting Starbucks Drive-Thru.
QUESTION ONE
Use a well labelled graph to briefly illustrate the effect of an import tariff imposed by a large country.
Hint: show how various economic agents gain or lose.[15 marks]
QUESTION ONE
A milling company tripled its respective proportions of labourers as well as raw materials in the hope
of mounting its productivity. However, the amount of mealie meal produced also tripled. Identify a
model that you physically learnt in class and briefly relate it to the above scenario. [15 marks]
QUESTION ONE
Let’s assume there are no labour migration obstacles in Zambia and Malawi. A milling plant in Malawi
pays its workers K50.00/hour whereas in Zambia, it pays K10.00/hour. Graphically show how
international labour mobility would affect output, workers and land owners in both countries. [15 marks]
QUESTION ONE
In Zambia, climate change affects the food security of many Zambians especially farmers. Such effects
as prolonged droughts affect Zambia’s self-sufficiency level in staple food, maize. Consequently, she
engages in free trade especially within Sub-Saharan African countries, and ultimately changes her
efficient consumption and production outcomes. As a student of International Economics, give a
comprehensive and relevant discussion of the above scenario. [15 marks]
Mr. Hamid Mohammad is planning to pursue MBA studies. Initial inquiry shows that he will have to pay RM 25,000 as tuition fee, buy books for RM 1000, pay for transport RM 500. The MBA study programme will extend over 15 months. Mr Hamid is working now with a salary of RM 2,500 per month.. Being a full time student, he will have to forego the income from his present job for the period of study. Work out the (a) Financial cost, and (b) the Economic Cost of doing MBA (Hint: Identify implicit costs and explicit costs)
Collect data on National Saving of Ethiopia from 1991 to 2020 for the last 30 years and depict them via graph and compare it with average saving rate for Sub-Saharan Africa. Discuss the major macro policy issues that determines national saving in developing countries and their effects on saving (10 marks)
sony advertisement also created a solution which suitable for all generation, all genders and culture what does the advertisement in fig 04 make us to believe? a)Time saving b)portable c) professional d)social status
Zoro Bhd recently issued 10-year bonds at a price of RM1,000. These bonds
pay 3% in interest each six months. Their price has remained stable since
they were issued. Due to additional financing needs, the firm wishes to issue
new bonds that would have a maturity of 10 years, a par value of RM1,000,
and pay RM40 in interest every six months. If both bonds have the same
yield, how many new bonds must Zoro Bhd issue to raise RM2,000,000
cash?
