In Order to Read Data from a File You

question 15

Multiple Choice

In order to read data from a file you

• A) must know the kind of data in the file
• B) do not need to know the kind of data in the file
• C) should prompt the user for the data you are looking for
• D) a and c

Understand the fundamental components of a waiting-line system and its three main parts.

Describe the characteristics and components of various queuing models including M/M/1, M/D/1, and M/M/S.

Distinguish between finite and infinite source populations in waiting line systems.

Recognize the impact of service rates and arrival rates on the performance of queuing systems.

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Definitions:

Free-rider Problem

A situation where individuals consume goods or services without paying for them, which typically occurs with non-excludable and non-rival public goods.

Market Resources

The assets, materials, and inputs used to produce goods and services and are made available through the market.

Entrepreneurs

Individuals who innovate, finance, and manage business ventures, often taking on greater than normal financial risks.

External Cost

Costs that a producer or consumer inflicts on a third party who is not involved in the production or consumption of the goods or services.