The principle of federalism divides the authority to govern between two sovereigns or supreme lawmakers

When a competitor cuts its price, a company should ________ if it believes it will not lose much market share or would lose too much profit by cutting its own prices

A) reduce its production costs B) reduce its marketing costs C) maintain its current prices and profit margin D) increase its marketing budget to raise the perceived value of the product E) increase its production costs to improve the quality of the product

Business at the Kwik-E-Mart is brisk, with one customer arriving at a rate of six per hour on average. Ringing up purchases is an easy matter for owner/operator Apu; he can usually do so in 2 minutes

If both arrival and service rates are Poisson distributed, how many customers are in the store on average? A) 0.05 B) 0.16 C) 0.25 D) 0.50