Figure 7-11

question 240

Multiple Choice

Figure 7-11. On the graph below, Q represents the quantity of the good and P represents the good's price.

-Refer to Figure 7-11.If four units of the good are produced and sold,then

• A)the cost to sellers exceeds the value to buyers.
• B)producer surplus is maximized.
• C)total surplus is minimized.
• D)the allocation of resources is inefficient.

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Definitions:

Ackerman Arms

Components of the steering mechanism that help achieve different turning radii for the inner and outer wheels, improving cornering.

Pitman Arm

A steering linkage arm that connects a steering gear to a drag link. A Pitman arm is usually splined to the steering gear sector shaft. In a typical steering gear, the Pitman arm converts the rotary motion of the sector shaft into linear motion at the drag link plus adds leverage.

Steering Control Arm

The steering control arm is a vital component of the steering system, connecting the steering knuckle to the vehicle's frame or body, thus allowing for effective steering wheel control over the vehicle's direction.

Drag Link

A connecting linkage between the steering gear Pitman arm and the steering control arm. It is sometimes adjustable.