The Average Number of Jobs in the Work Center for the Jobs

question 82

Multiple Choice

The average number of jobs in the work center for the jobs listed in the following table under the FCFS (first come,first served) rule is ______. $$\begin{array} { | c | c | c | } \hline \text { Job } & \begin{array} { c } \text { Processing time } \\\text { (in days\} }\end{array} & \begin{array} { c } \text { Due date (in days from } \\\text { today's date\} }\end{array} \\\hline \text { A } & 4 & 9 \\\hline \text { B } & 10 & 18 \\\hline \text { C } & 6 & 6 \\\hline \text { D } & 12 & 19 \\\hline \text { E } & 7 & 17 \\\hline\end{array}$$

• A)3.5
• B)2.1
• C)3.23
• D)2.79

Compare and contrast the effects of market changes on producer and consumer behavior.

Identify factors leading to changes in producer surplus.

Understand the welfare implications of market equilibria and disequilibria.

Explain the relationship between commodity prices and surplus amounts.

---

Definitions:

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set.

Cost Of Capital

The minimum yield a firm needs to generate from its investment endeavors to sustain its market valuation and appeal to investors.

Free Cash Flow

The sum of money a business produces after deducting the capital expenses required to sustain or grow its assets.

Value Of Equity

The total value of a company's shares of stock held by all its shareholders, including share capital plus retained earnings.