Refer to the Information Provided in Figure 13

question 107

Multiple Choice

Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. Figure 13.9
-Refer to Figure 13.9. If Ohio Edison is regulated to act as a perfectly competitive firm (instead of the monopoly level) ,

• A) output would increase from 500 to 600 units.
• B) consumer surplus would increase by the area FGBC.
• C) the firm will earn profits of BEC.
• D) the net social gain to society equals ACF.

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Definitions:

LMC

Least Material Condition, a term used in geometric dimensioning and tolerancing indicating the condition of a part when it contains the least amount of material.

Orientation Tolerances

The limits within which the orientation (e.g., parallelism, perpendicularity) of a part feature must lie relative to a specified datum to ensure proper assembly or function.

Perpendicularity

The condition of being exactly at 90 degrees to a given line or surface; a fundamental principle in geometric dimensioning and tolerancing.

Orientation Tolerance

Limits set on the allowable variation in the orientation (tilt or angle) of a feature on a manufactured part relative to its specified orientation.