High Brow Express Deals Strictly with Two Customers

question 39

Multiple Choice

High Brow Express deals strictly with two customers. The average amount each customer pays per month along with the collection delay associated with each payment is shown below. Given this information, what is the weighted average delay? Assume that every month has 30 days.

• A)1.79 days
• B)1.84 days
• C)2.00 days
• D)2.07 days
• E)2.16 days

---

Definitions:

Labor

The investment of human strength and thought in the process of producing goods and services.

Output

The volume of goods or services produced by a human, mechanical, or industrial source.

Nash Equilibrium

A concept in game theory where no participant can gain by unilaterally changing their strategy, assuming other participants' strategies remain unchanged.

Advertising

The act of promoting products, services, or brands through various media channels to influence consumer behavior or perception.