When a Part Dimension Is Specified as "0

question 24

Multiple Choice

When a part dimension is specified as "0.236 ± 0.003 cm",it would mean that the target,or ideal value,is 0.236 centimeters,and that the allowable variation is 0.003 centimeters from the target.This means that the tolerance is:

• A)-0.0003 cm.
• B)0.006 cm.
• C)0.003 cm.
• D)-0.0006 cm.

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Definitions:

Marginal Cost

The rise in overall expense due to the production of an extra unit of a good or service.

Output Produced

The total amount of goods or services created or produced by an economic unit, such as a company or country, within a specific period.

Substitution Effect

The change in the consumption of goods in response to a change in their relative prices, holding the consumer's level of utility constant.

Labor Supply Curve

The graphical representation showing the relationship between the different wage rates and the quantity of labor that workers are willing to supply.