All economic questions and problems arise from <span>C. scarcity. scarcity is defined as the lack of resources and is the opposite of abundance. If scarcity such as famine is experienced by a country or nation, there arise questions why such state happened</span>
2. It engages in business activities from which it may earn revenues and incur expenses.
2 year college = associates degree you can earn this in community colleges or technical colleges. 4 year degree = bachelors degree this is the highest you can go in college or university therefore is very awarding.
Answer:
The responses to the given question can be defined as follows:
Explanation:
For point a:
Car arrival time
Each car arrives at an interval of time of 
process time
The number of vehicles moving in an hour equals 2 per hour.
As
is greater than 1. The device will not work, resulting in such a revenue loss.
Within 44 minutes, a parking lot would be completely full, with only 1 person being serviced, and then the next empty slot would be completed 64 minutes later.
The system's production capacity is 8.5 per hour [a person entering at 0 will exit at 30]. The person that comes in at 4 will leave at 34. Roughly 50 customers would be supported for an hour.
For point b:
The number of customers would be
for a 12-hour time frame.
Total cost=
The total number of customers to be served at an expense of
customers.