FIGURE 5- 5 -Refer to Figure 5- 5. If Production and Consumption of and Consumption

question 54

Multiple Choice

FIGURE 5- 5
-Refer to Figure 5- 5. If production and consumption of gardening services were 5000 hours per month

• A) the value placed by consumers on the last 1000 hours is less than the additional costs associated with their provision.
• B) the resources going into the last 1000 hours of gardening service would be more highly valued elsewhere.
• C) this market is not achieving efficiency.
• D) the provision of the last 1000 hours would decrease the amount of economic surplus in this market.
• E) all of the above.

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Definitions:

Rosebud

A type of torch tip used in welding and cutting applications, named for its rose petal-like flame pattern, commonly used for heating.

Forged Journal Cross

A forged journal cross is a component in the driveline of a vehicle, made through forging to achieve strength and durability, used to connect different shafts within the drive system.

Universal Joint

An assembly consisting of a trunnion cross and bearings that connects a pair of yokes for purposes of transmitting drive torque on an angled plane.

Trunnions

Trunnions are cylindrical protrusions used as a pivot or mounting point, commonly found in cannons, tanks, and heavy machinery for rotation or support.