If the Average Velocity in the Pipe of Number 2

question 2

Multiple Choice

If the average velocity in the pipe of Number 2 is 5 m/s, the energy grade line would increase suddenly at the pump a distance nearest:

• A) 1 m
• B) 2 m
• C) 4 m
• D) 6 m

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Definitions:

Diminishing Returns

A rule in economics that asserts once investments in a specific sector reach beyond a certain threshold, the returns on those investments will not keep rising if all other factors stay unchanged.

Marginal Costs

The additional cost incurred by producing one extra unit of a product or service, crucial for understanding economic efficiency and pricing.

Variable Costs

Expenses that vary directly with the level of production or output.

Long-Run Average Total Cost

The average cost per unit of output where all inputs are considered variable, calculated over a period where firms can adjust all factors of production.