Exhibit 13.1 The Following Questions Are Based on the Output Below

question 25

Multiple Choice

Exhibit 13.1
The following questions are based on the output below.
A store currently operates its service system with 1 operator. Arrivals follow a Poisson distribution and service times are exponentially distributed. The following spreadsheet has been developed for the system.
-A store is considering adding a second clerk. The customer arrival rate at this new server will be

• A) twice the old rate.
• B) half the old rate.
• C) the same as the old rate.
• D) unpredictable.

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Definitions:

MR

Marginal Revenue, which is the increase in revenue resulting from the sale of one additional unit of a product.

Output Level

The amount of output produced by a firm or an industry within a certain period.

Demand Curve

An illustrated diagram indicating how consumer demand for a product varies with changes in its price.

Output Quantity

The amount of goods or services produced by a company, industry, or economy within a specific period.