The Chief Disadvantage of the Shortest Processing Time Rule Is

question 39

Multiple Choice

The chief disadvantage of the shortest processing time rule is:

• A)average job completion times are excessive
• B)average number of jobs in the system is excessive
• C)long-duration jobs may have excessive completion times
• D)average job lateness is excessive

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Definitions:

Equilibrium

refers to a state in a market where supply equals demand, and in the broader sense, it's a condition where all forces acting on a system are balanced.

Consumer Surplus

Consumer surplus is the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.

Equilibrium

A state in a market where the quantity of goods supplied is equal to the quantity of goods demanded, with no pressure to change the price or quantity.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product or service, often set below the equilibrium price to keep goods affordable.