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Customers take a number as they join the waiting line of the customer service counter at a discount store. There are two customer service agents. Provide the most likely characteristics of this system.
a. name of model
b. number of channels
c. number of phases
d. arrival rate distribution
e. service time distribution
f. population size
g. queue discipline
Average Total Cost
The total cost of production (fixed plus variable costs) divided by the number of units produced.
Long-Run Adjustments
Refers to changes that firms in an industry make in response to economic opportunities or constraints, involving adjustments in production capacity or resource utilization over time.
Marginal Revenue
The extra revenue obtained by selling an additional unit of a product or service.
Upsloping Line
A graphical representation indicating positive correlation between two variables; as one variable increases, so does the other.
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