Question 4: McGill's business program has expanded their course offerings and can enroll an additional 2000 students. However, in order to make sure that the class sizes remain at a reasonable level, they decided to cap the enrollment at 1500 new students. Although there is a lot of demand for business courses, conflicting schedules only allowed 1450 new students to take business courses. What are the utilization and efficiency of the system?

Please show step by step calculations. Thank you