One of the First Steps in Design Is ____

question 4

Multiple Choice

One of the first steps in design is ____.

• A) to complete the design
• B) to determine what is needed to do the job
• C) to select components
• D) to construct the circuit

---

Definitions:

Variable Factors

Inputs to production that can be adjusted in the short run, such as labor and raw materials.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, or insurance, and must be paid regardless of business activity.

Industry Supply Curve

The industry supply curve represents the total quantity of goods that producers in a market are willing and able to sell at different prices, assuming all other factors constant.

Output

The cumulative production of goods or services by a corporation, industry, or the entire economy.