What Would Be a Reason for Suggesting the Replacement of an Entire

question 8

Multiple Choice

What would be a reason for suggesting the replacement of an entire system, rather than simply replacing a defective part?

• A)system is old, with outdated, inefficient features
• B)make the company more money
• C)not worth your time to replace just one part
• D)manufacturer incentives for company or technician

---

Definitions:

Average Product

The average product refers to the output per unit of input used, typically calculated by dividing the total output produced by the quantity of inputs.

Isoquant

A curve that represents all combinations of inputs that produce the same level of output in production theory.

Marginal Product

The additional output resulting from a one-unit increase in the use of a variable input, holding all other inputs constant.

Average Product

The Average Product is an economic term that describes the output per unit of input, calculated by dividing total product by the number of units of input.