When Comparing the Safety of LEDs Versus Incandescent Lamps Used

question 10

Multiple Choice

When comparing the safety of LEDs versus incandescent lamps used as brake lights,which of the following is correct?

• A) LEDs require more maintenance
• B) cost of LEDs is greater over lifetime of chassis
• C) LEDs illuminate more rapidly
• D) LED tail lights consume more current

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Definitions:

Long-Run Equilibrium

A state in which all factors of production and costs are variable, allowing for the adjustment of all inputs, leading to optimal allocation of resources in the market.

Increasing Cost Industry

An industry in which production costs increase as output expands, typically due to factors such as input limitations and increased demand for inputs.

Long-Run Supply Curve

A curve showing the relationship between price and quantity supplied that takes into account all possible adjustments in inputs and outputs.

Constant-cost Industry

An industry where the costs of production do not change as the total output in the industry changes.