What are the economic costs of waiting in lines? How might these costs be measured? What decision criteria can be used to justify expanding services

  

What are the economic costs of waiting in lines? How might these costs be measured? What decision criteria can be used to justify expanding services to reduce waiting times?

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  Problem I                                            Manaia Manufacturing had the following operating results for 2022: sales = $32,861; cost of

  Problem I                                            Manaia Manufacturing had the following operating results for 2022: sales = $32,861; cost of goods sold = $23,795; depreciation expense = $3,817; interest expense = $565; dividends paid = $908. At the beginning of the year, net fixed assets were $21,859, current assets were $3,913, and current