As the Number of Components in a System Connected in a Series

question 109

Multiple Choice

As the number of components in a system connected in a series decreases,all other things being equal,the reliability of the system usually:

• A)increases.
• B)stays the same.
• C)decreases.
• D)increases,then decreases.
• E)decreases,then increases.

Learn how elasticity of supply differs from elasticity of demand and its implications

Recognize external factors influencing demand elasticity, including taxes and substitutes

Understand the concept of elasticity in economics, including its mathematical representation and factors affecting it.

Identify and differentiate between perfectly elastic and perfectly inelastic demand and supply.

---

Definitions:

Earnings Per Share

A measure of a company's profitability, calculated as net income divided by the number of outstanding shares.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period, highlighting operating performance.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.

Operating Activities

The section of the cash flow statement that reports the cash generated or used through the normal operations of a business, including receipts from sales of goods and services.