Examlex
An ice cream shop is quite busy after the neighborhood high school lets out each day. From 3 pm to 5 pm customers arrive at the rate of 50 per hour, on average. Currently, the clerk can serve one customer per minute, on average. The store manager can buy an electrically heated scoop with an automatic ice cream ejector which will decrease the serving time to one custom-er per 45 seconds, on average.
a. What is the current time (in minutes) spent waiting in line?
b. What will the waiting time (in minutes) become using the automatic ice cream ejector?
c. What fraction of time is the clerk currently idle?
d. What fraction of time will the clerk be idle using the automatic ice cream ejector?
e. How many customers, on average, are in the shop under the current system?
f. How many customers would be in the shop, on average, using the automatic ice cream ejector?
Either-Or Decision
An either-or decision refers to a choice between two mutually exclusive options, where selecting one means forgoing the other.
Accounting Profit
The net income for a company calculated by subtracting total expenses from total revenues.
Economic Profit
The total revenue of a business minus its explicit and implicit costs, representing the total benefit to the owner beyond all opportunity costs.
Political Consultant
A professional advisor who helps politicians with campaign management, public relations, and strategic advice.
Q17: One of the consequences of the existence
Q19: All of the following are perspectives of
Q30: What is the externalised cost of electricity
Q33: Which of the following is NOT a
Q44: The annual cost to outsource the manufacturing
Q85: How many computer repair troubleshooters should be
Q113: Sandhoppers Queensland Car Company manufactures motor vehicles.The
Q118: To find the reliability of a complex
Q126: What would be considered exertion towards a
Q128: To evaluate overall aggregate performance,return on investment