A Waiting-Line System That Meets the Assumptions of M/M/S Has

question 111

Multiple Choice

A waiting-line system that meets the assumptions of M/M/S has λ = 5, μ = 4, and M = 2. For these values, P_o is approximately 0.23077, and L_s is approximately 2.05128. What is the average number of units waiting in the queue?

• A) approximately 0.1603
• B) approximately 0.4103
• C) approximately 0.8013
• D) approximately 1.0417
• E) Cannot be calculated because λ is larger than μ.

---

Definitions:

Utility Function

A function that captures the level of satisfaction or happiness that consumers derive from consuming various combinations of goods and services.

Initial Allocation

The initial distribution of goods, resources, or entitlements among individuals or groups before any trade or market exchange occurs.

Contract Curve

In economics, it is a curve that shows the set of mutually beneficial (efficient) allocations in a trade or exchange situation.

Edgeworth Box

A diagram used in microeconomics to show the distribution of resources and the optimal allocation between two individuals.