As the Number of Components in a System Connected in a Series

question 109

Multiple Choice

As the number of components in a system connected in a series increases, all other things being equal, the reliability of the system usually:

• A) increases.
• B) stays the same.
• C) decreases.
• D) increases, then decreases.
• E) decreases, then increases.

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Definitions:

Marginal Cost

The cost of producing one additional unit of a good or service, which is used in decision-making about output levels.

Marginal Cost

Marginal Cost is the cost incurred by producing one additional unit of a product or service.

Labor Costs

Expenses associated with employing labor, including wages, salaries, benefits, and taxes.

Average Total Cost

The total cost of production divided by the total output or quantity produced.