INSERT FIGURE 5-29 FROM TEXTBOOK IMMEDIATELY ABOVE THIS QUESTION

question 44

Multiple Choice

INSERT FIGURE 5-29 FROM TEXTBOOK IMMEDIATELY ABOVE THIS QUESTION.Referencing the above figure,use Ohm's Law to calculate current flow.Which of the following is correct?

• A) 12 amps
• B) 4 amps
• C) 3 amps
• D) 3 ohms

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Definitions:

Marginal Costs

The increase in total cost that arises from an extra unit of production.

Fixed Factors

Inputs in production that cannot be altered in the short term, such as buildings and machinery.

Output

The amount of goods and services produced by a business, industry, or economy.

Marginal Cost

The cost added by producing one additional unit of a product or service, important for decision-making in resource allocation.