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galben [10]
3 years ago
13

Assume the service rate for a queue in a truck-loading operation is 2 trucks per hour. Using the infinite queuing notion for the

models presented in the textbook, which of the following is the average service time?
a. 2 hours
b. 1 hour
c. 0.5 hours
d. 0.25 hours
e. None of the above
Business
1 answer:
ivolga24 [154]3 years ago
3 0

Answer:

C: 0.5 hours

Explanation:

Average service time = 1/Average service rate = 1/2 = 0.5 hours

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The situation where the quantity supplied of a good is greater than the quantity demanded at
aliina [53]

Answer:

Excess supply

Explanation:

Demand is the quantity required or requested by buyers while supply is the quantity of a good that a producer is able to supply to the buyer.

When demand is equal to supply there is equilibrium and no excess in demand or supply.

However when the amount supplied exceeds the demand for a product there will be excess product in the market. This is called excess supply.

Conversely when the quantity demanded is more than that supplied it is excess demand

8 0
2 years ago
A small publishing company is planning to publish a new book. The production costs will include one-time fixed costs (such as ed
patriot [66]

The number of books that will be produced such that the costs from the two methods be the same is 4668 units.

From the complete question, the total cost of the first equation will be:

= 8.25x + 65054

The total cost for the second equation will be:

= 19.50x + 12539

Then, we'll equate both equations together and this will be:

8.25x + 65054 = 19.50x + 12539

Collect like terms

19.50x - 8.25x = 65054 - 12539

11.25x = 52515

Divide both side by 11.25

11.25x/11.25 = 52515/11.25

x = 4668 units.

Therefore, the breakeven unit will be 4668 units.

Read related link on:

brainly.com/question/25265523

5 0
3 years ago
Read 2 more answers
Partnership records show the following capital balances at the date of Hopkin's withdrawal: M. Hammel, $80,000; D. Hopkins, $210
Anestetic [448]

Answer:

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

Cr M. Hammel, Capital 10,000

Cr Cash 230,000

Explanation:

Preparation of the December 31 journal entry for the partnership.

Based on the information given the December 31 journal entry for the partnership will be :

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

(100,000-80,000/2)

Cr M. Hammel, Capital 10,000

(100,000-80,000/2)

Cr Cash 230,000

3 0
2 years ago
Evaluate how a change in consumer incomes will affect the demand
dalvyx [7]

Answer:

They will be less likely to rent an apartment and more likely to own a home. A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve shifts to the left.

For normal economic goods, when real consumer income rises, consumers will demand a greater quantity of goods for purchase. ... When nominal income increases without any change to prices, this means consumers can purchase more goods at the same price, and for most goods, consumers will demand more.

Explanation:

8 0
1 year ago
Assets that you purchase for the purpose of accumulating wealth to satisfy your financial goals are called
Phantasy [73]

Answer:

Investment assets.

Explanation:

Investment assets are assets that you purchase for the purpose of accumulating wealth to satisfy your financial goals. Investment assets are assets acquired by an individual or corporation for the main purpose of leaving it for i.e.over a long period of time for it for appreciate in value. This process of accumulation of wealth satisfies the investor financial goals hence, the name Investment assets.

3 0
3 years ago
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