Consider the Following Demand and Cost Information -Refer to the Table Above

question 60

Multiple Choice

Consider the following demand and cost information
$\begin{array} { | c | c | c | } \hline \text { Quantity } & \text { Price } & \text { Total Cost } \\\hline 0 & \text { R40 } & \text { R10 } \\\hline 1 & \text { R30 } & \text { R15 } \\\hline 2 & \text { R20 } & \text { R25 } \\\hline 3 & \text { R10 } & \text { R40 } \\\hline 4 & \text { R0 } & \text { R60 } \\\hline\end{array}$

-Refer to the table above. The marginal revenue of the second unit is

• A) R10
• B) R20
• C) R30
• D) R40

Understand key inventory management concepts, like reorder points and lot sizing.

Analyze the impact of queue capacities on system throughput and customer wait times.

Integrate basic principles of operations management to improve service efficiency.

Familiarize with operational terms and calculations in the context of airline ticket counters and similar service environments.

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Definitions:

Retinal Disparity

A binocular cue for perceiving depth: By comparing images from the retinas in the two eyes, the brain computes distance—the greater the disparity (difference) between the two images, the closer the object.

Sensation

The process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment.

Nervous System

A complex network of nerves and cells that carry messages to and from the brain and spinal cord to various parts of the body.

Stimulus Energies

The physical or chemical forms of energy, such as light, sound, or touch, that can be detected and interpreted by sensory systems.