Young's Modulus Is a Proportionality Constant That Relates the Force

question 41

Multiple Choice

Young's modulus is a proportionality constant that relates the force per unit area applied perpendicularly at the surface of an object to:

• A)the shear
• B)the fractional change in volume
• C)the fractional change in length
• D)the pressure
• E)the spring constant

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Definitions:

Production Function

Describes the relationship between inputs used in production and the resulting output.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full industry adjustment.

Diseconomies Of Scale

Situations where a firm's costs per unit increase as the scale of production increases, typically due to inefficiencies that arise from becoming too large.

Diminishing Returns

A principle stating that if one input in the production of a commodity is increased while other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.