Say at the Current Output Level Marginal Costs = $20

question 30

Multiple Choice

Say at the current output level marginal costs = $20 and the average total cost = $10. From this information we know that the

• A)marginal costs are increasing.
• B)average total costs are increasing.
• C)average total costs are decreasing.
• D)marginal costs are decreasing.

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Definitions:

Projection Welds

Welds made by projecting localized heat and pressure onto particular points, typically used to join sheet metal parts at specified spots or studs.

Weld Symbol

A graphical representation on engineering drawings indicating the type of weld to be used.

Plug Weld

A type of weld used to fasten two pieces of metal together by filling a pre-drilled hole in the top piece with weld material which then attaches to the piece underneath.

Slot Weld

A type of weld used to join pieces of metal together through a slot in one piece that fits over another piece, typically used in sheet metal work.