Plug Cutters Come in Standard Sizes of ____ Inches

question 18

Multiple Choice

Plug cutters come in standard sizes of ____ inches.

• A) 1/3, 3/8, 1/2, and 5/8
• B) 1/4, 3/8, 1/2, and 5/8
• C) 1/3, 3/7, 1/2, and 5/8
• D) 1/4, 3/7, 1/2, and 5/8

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Definitions:

Excludable

Describes a good or service for which it is possible to prevent non-paying customers from accessing it.

Marginal Social Benefit

The extra advantage that the entire society gains from using an additional unit of a product or service.

Public Good

A product that is non-excludable and non-rivalrous in consumption, meaning it is available to all members of society without depletion.

Nonrival

Refers to a good where one person's use does not reduce the amount available for others.