A Small Popular Restaurant at an Interstate Truck Stop Provides

question 28

Multiple Choice

A small popular restaurant at an interstate truck stop provides priority service to truckers. The restaurant has ten tables where customers may be seated. The service time averages 40 minutes once a party is seated. The customer arrival rate is 12 parties per hour, with the parties being equally divided between truckers and non-truckers.
What is the approximate average time in minutes that truckers wait to be seated?

• A) 2.7
• B) 4.5
• C) 8.4
• D) 13.6
• E) 15.8

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Definitions:

Marginal Cost

The cost associated with producing an additional unit, emphasizing its role in decision-making.

Total Fixed Costs

The aggregate of all charges that stay fixed no matter the production level or output.

Average Total Cost

The total cost of producing a given output level divided by the quantity of output, including both fixed and variable costs.

Basketballs

Spherical balls used in the game of basketball, designed to bounce when thrown or dribbled on the court.