INSERT FIGURE 5-30 FROM TEXTBOOK IMMEDIATELY ABOVE THIS QUESTION

question 54

Multiple Choice

INSERT FIGURE 5-30 FROM TEXTBOOK IMMEDIATELY ABOVE THIS QUESTION.Referencing the above figure,use Ohm's Law to calculate total circuit resistance.Which of the following is correct?

• A) 1.5 ohms
• B) 3 ohms
• C) 4 ohms
• D) 8 ohms

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Definitions:

Economic Profit

The profit from an activity or business venture after subtracting both explicit and implicit costs, including opportunity costs.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment's cost.

Total Costs

The overall expense incurred in the production of goods or services, including both fixed and variable costs.

Hourly Price

A pricing method where goods, services, or labor are priced per hour, commonly used in billing for professional services or wages for hourly employees.