Recording the Maintenance History of Processes, Machines, or Equipment Is

question 32

True/False

Recording the maintenance history of processes, machines, or equipment is important for preventive maintenance, but largely irrelevant for breakdown maintenance.

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Definitions:

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of product.

Profit-maximizing Output

The level of production at which a company achieves the highest possible profit.

Marginal Cost

The rise in overall expenses resulting from the production of an additional unit.

Marginal Revenue

The additional income from selling one more unit of a good; it is the change in total revenue from an additional unit sold.