Of the Three Components of Access Time in a Movable-Head

question 35

Multiple Choice

Of the three components of access time in a movable-head DASD,____ is the slowest.

• A) seek time
• B) search time
• C) transfer time
• D) delay time

---

Definitions:

Market Price

The current price at which a good or service can be bought or sold in the marketplace.

Shutdown Point

The shutdown point refers to the level of output and price at which a company cannot cover its variable costs, leading it to cease operations temporarily.

Profit Maximizing Level of Output

The quantity of production that yields the highest possible profit for a firm, determined by the point where marginal cost equals marginal revenue.

Average Total Cost Curves

Graphs that show the average total cost of producing different quantities of output, typically U-shaped due to economies and diseconomies of scale.