The College Coffee Cafe receives a profit of $1.25 for each cup of house tea that they sell, $1.40 for each cup of the premium brand, and $1.50 for each cup of their special blend. Develop an objective that maximizes profit
What will be an ideal response?
Answer: Max 1.25x1 + 1.40x2 + 1.50x3
Business
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A unilateral refusal to deal is a violation of Section 1 of the Sherman Act because there is a concerted action with others
Indicate whether the statement is true or false
Business
The local grocery store consists of two cashiers. The customers arrive according to a Poisson distribution and the service times are based on a negative exponential distribution
The average customer service time is 5 minutes and the average time between the arrivals of successive customers is 3 minutes. What is the probability that there are no customers in the grocery store?
Business