What Is Computer-Aided Design/computer-Aided Manufacturing (CAD/CAM)

question 132

Multiple Choice

What is computer-aided design/computer-aided manufacturing (CAD/CAM) ?

• A)systems used to create the digital designs and then manufacture the products
• B)a cultural trend that places value on an individual's ability to be a creator of things as well as a consumer of things
• C)a community center that provides technology, manufacturing equipment, and educational opportunities to the public that would otherwise be inaccessible or unaffordable
• D)serialization or the ability to track individual items by using the unique serial number associated with each RFID tag

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Definitions:

Marginal Cost

The cost of producing one additional unit of a product, which can vary as production scales up or down.

Economic Losses

Financial deficits incurred by an individual, organization, or economy stemming from events or actions that reduce wealth or resources.

Constant-cost Industry

An industry in which the input prices do not change as the industry output changes, leading to a supply curve that is perfectly elastic.

Price Per Unit

The cost assigned to a single unit of a product or service, used to determine the total price based on the quantity purchased.