Businesses That Fail to Account for Implicit Costs,like the Strawberry

question 38

Multiple Choice

Businesses that fail to account for implicit costs,like the strawberry farmer,Hiroshi Fujishige,who failed to consider the enormous opportunity of selling his property to Disneyland,will

• A)Go out of business immediately.
• B)Make higher-than-normal profits.
• C)Make more money when they shut down.
• D)Have to increase revenues in order to stay in business.

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Definitions:

Phase Voltage

The voltage measured across a single component in a multiphase system.

Wye

A three-phase connection in electrical systems where the endpoints of three coils are connected at a single neutral point, forming a Y shape, commonly used in power distribution.

Delta

In electrical engineering, it often refers to a triangular connection in a three-phase system where the end of one winding is connected to the start of the next.

Three-Phase Power Systems

Electrical power systems that use three alternating currents or phases, each phase being out of phase with the other by one-third of a complete cycle, widely used for power transmission and large electric motors.