Which of the Following Statements Is LEAST-Likely to Be Correct

question 12

Multiple Choice

Which of the following statements is LEAST-Likely to be correct?

• A) A chassis dyno measures horsepower available at the vehicle's drive wheels.
• B) Road horsepower is always greater than brake horsepower.
• C) On a chassis dynamometer, one roller is attached to the power absorption unit and the other is an idle roller.
• D) Chassis dynamometers can be driven by the wheels or connected directly to the hubs.

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Definitions:

Marginal Buyer

The consumer who might leave the market if the price was any higher, indicating their participation is sensitive to price changes.

Willingness To Pay

The greatest sum a consumer is ready to spend for a good or service, showcasing the importance they assign to it.

External Cost

Costs that are not borne by the producers or users of a good or service, but rather by society or third parties, often not reflected in market prices.

Social Optimum

The most efficient allocation of resources that maximizes the overall benefit to society.