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    zoeroxie

    @zoeroxie

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    Latest posts made by zoeroxie

    • RE: Packet and Circuit Switching, and Little's Law

      A restaurant holds about 60 people, and the average person will be in there about 2 hours. On average, how many customers arrive per hour? If the restaurant queue has 30 people waiting to be seated, how long does each person have to wait for a table?

      posted in CS432 - Network Modeling and Simulation
      Z
      zoeroxie
    • ECO401-ASSIGNMENT#01... Help needed to solve this assignment

      THE CASE:
      Pakistan is the 5th most populous country in the world, with 220 million citizens. Out of total
      population, 36.38% lives in urban areas whereas 63.62% resides in rural areas. There is a huge
      demand for houses due to a 2.4% annual population growth rate as per census 2017. Further,
      Pakistan’s construction industry is suffering from a severe shortage of housing facilities, particularly
      for low and middle-income groups. Suppose the quantity demanded and quantity supplied functions
      for houses are given below:

      Qd = 25000- 2P
      Qs = 10000 + 1P

      Where ‘P’ is the price in rupees of a housing unit, ‘Qd’ is quantity demanded for housing units. ‘Qs’
      is quantity supplied for housing units.

      Requirement No.1: Calculate the market equilibrium level of price and quantity for a housing
      unit.

      Requirement No.2: Calculate price elasticity of demand using point elasticity method when
      the construction industry is in equilibrium and interpret the result.

      Now consider if government decides to cater this increasing demand of houses and wishes to
      intervene in rental market to provide renters with affordable houses.

      Requirement No.3: What kind of price rationing strategy should be implemented by
      government to provide renters with houses at affordable price? Also mention the impact of this
      strategy on equilibrium quantity demanded and equilibrium quantity supplied of houses?

      please help me solve this assignment. you can also gives hints or explain about it i will solve of my own.

      posted in ECO401 - Economics
      Z
      zoeroxie