Given the Following Information, What Would Utilization Be

question 92

Multiple Choice

Given the following information, what would utilization be?
Effective capacity = 20 units per day
Design capacity = 60 units per day
Actual output = 15 units per day

• A)25%
• B)33%
• C)50%
• D)75%
• E)none of these

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Definitions:

Inelastic

Refers to a situation where the demand or supply for a good or service is not significantly altered by changes in price.

Concerts

Public performances of music by artists in front of an audience.

Relative Change

A metric that measures how much a particular quantity has changed over time relative to the initial amount.

Inelastic

A characteristic of a good or service whose demand or supply is relatively unresponsive to changes in price.