A Pipe Size Should Be Selected That Keeps the Average

question 12

Multiple Choice

A pipe size should be selected that keeps the average flow velocity between ____ ft./sec.

• A) .5 and .75
• B) 1 and 2
• C) 1 and 3
• D) 2 and 4

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Definitions:

Cost Curve

A graphical representation that shows how the cost of producing a good varies with changes in the quantity produced.

Cost Curve

A graphical representation showing how the cost to produce a given quantity of goods varies.

Cost Curve

A graphical representation showing the cost of producing different levels of output.

Economies of Scale

The reduction in the cost per unit that companies experience as a result of their large scale of operations, usually seeing these expenses decrease as the scale grows.