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The time for which a piece of equipment operates is called Effective time explain?

The time for which a piece of equipment operates is called Effective time explain?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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  1. The time for which a piece of equipment operates is called Effective time explain?
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