Two Technicians Are Discussing the Proper Coolant to Use on a Late

question 11

Multiple Choice

Two technicians are discussing the proper coolant to use on a late model GM vehicle. Technician A says that "DEX-COOL" type Organic Acid Technology [OAT] is the proper coolant to use. Technician B says that Ethylene Glycol [good old green] type antifreeze can be used on any vehicle. Who is correct?

• A)A only
• B)B only
• C)both A and B
• D)neither A nor B

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Definitions:

Average Total Cost

The total cost of production (fixed and variable costs) divided by the quantity of output produced.

Marginal Revenue

The augmented income obtained by selling one more unit of a good or service.

Marginal Cost

The increase in total cost that arises from producing one additional unit of output.

Competitive Market

A market structure characterized by a large number of buyers and sellers, such that no single participant can significantly influence price.