At a Price Ceiling of $1 Per Loaf of Bread

question 59

Multiple Choice

At a price ceiling of $1 per loaf of bread, quantity supplied is 99 loaves, which is less than quantity demanded. What must be true for the 100th loaf of bread?

• A) Consumers do not value the 100th loaf of bread.
• B) The cost of producing the 100th loaf of bread is less than $1.00.
• C) Consumers value the 100th loaf of bread at less than $1.00.
• D) Consumers value the 100th loaf of bread more than it costs producers to make it.

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Definitions:

Maximum Hole Size

The largest allowable diameter of a hole, ensuring that it maintains structural integrity or functional fit with another component.

Tolerance Zone Symbol

A geometrical representation used in technical drawings to define the limits or boundaries within which a specific dimension is allowed to vary.

Hole Basis Fit System

A system for fitting where the size of the hole is kept constant and the size of the shaft is varied to obtain different types of fits.

Basic Size

The theoretical or nominal size from which limits of size are determined in machining or manufacturing a piece, serving as a reference for tolerances.