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The Baruch Academic Computing Center has five technicians available in its computer labs to provide orientation training sessions to students. The design capacity of the system is 1,800 students per semester and the effective capacity equals 80 percent of design capacity. If the number of students who actually go to their orientation session is 1,200, what is the efficiency of the system?
Unemployment Effect
The impact on employment levels due to changes in economic conditions, policies, or external factors affecting the labor market.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.
Quantity Demanded
The total amount of a commodity that consumers are willing to purchase at a specific price point, at a given time.
Perfectly Elastic
A situation in economics where a small change in price leads to an infinite change in quantity demanded or supplied.
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