The Owner/operator of the Local Franchise of Handyman, Inc

question 65

Multiple Choice

The owner/operator of the local franchise of Handyman, Inc., has four jobs to do today, shown in the order they were received:

If he uses the shortest processing time first priority rule to schedule these jobs, what will be the average number of jobs in his shop today?

• A)0
• B)1
• C)2
• D)3

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Definitions:

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (income, expenditure, or asset), represented as a percentage.

Proportional

Characterized by or corresponding in size, degree, or intensity according to a fixed ratio or relationship.

Price Elasticity

A measure indicating how much the quantity demanded of a good responds to a change in its price, often illustrating the sensitivity of demand to price changes.

Relatively Elastic

Characterizes a situation where the quantity demanded of a good or service changes significantly due to a small change in price.