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Exhibit 12-2
An oil-change facility serves customers that enter at a rate of 8 per hour. There are five servers available to perform oil changes for entering customers. Customers wait in a single line and enter the facility, in first-come-first-serve fashion, to the first of the five servers who is available. Each server can change the oil of one customer's car every 30 minutes on average.
-Refer to Exhibit 12-2.How many of the servers are busy on average
Income
The amount of money received on a regular basis from work, property, investments, or government benefits.
Utility Function
A mathematical representation of how consumers derive satisfaction from goods and services, assigning numerical values to different bundles of goods.
Income
The amount of money or its equivalent received during a period of time in exchange for labor, services, or goods sold.
Price
The cost expected, demanded, or provided in money for something.
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