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Given the Following Information,compute the Efficiency of the System

question 41

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Given the following information,compute the efficiency of the system. Actual capacity = 80 units per day
Design capacity = 100 units per day
Utilization = 48%


Definitions:

Large Relative

Describing an entity or value that is significantly larger in comparison to others within a given context.

Market Power

An imperfectly competitive firm’s ability to raise price without losing all of the quantity demanded for its product.

Differentiated Products

These are products that are distinct from one another on the basis of branding, quality, or other characteristics that are valued by consumers.

Barriers

Obstacles that prevent entry into a market or hinder competition within a market.

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