1)Questions based on chapter 10 of METS-3 (Maintenance Management) 20 a)

1)Questions based on chapter 10 of METS-3 (Maintenance Management) 20 a)... failures b) ... failures c) ... failures Time, t Figure 10.4 33 9. Read the following three statements: a) Figure 10.4 is known as the bathtub curve. b) In figure 10.4, the failure rate in section a) is relatively high as a result of wear-out failures. c) In figure 10.4, the failure rate in section C) is relatively high as a result of random failures. Which statement/s is/are correct? [1] band c [2] a, bandc [3] a and b [4] a [5] None of the options (1, 2, 3 or 4) is correct.

2)Table 14-2 The following table presents cost and revenue Information for Soper's Port Vineyard. Quantity Produced Marginal Cost Quantity Demanded REVENUES Total Revenue Marginal Revenue 0 1 0 1 Price 120 120 120 2 COSTS Total Cost 100 150 202 257 317 385 465 562 682 120 4 5 6 2 3 4 5 6 7 8 120 120 120 120 120 7 8 Refer to Table 14-2. Consumers are willing to pay $120 per unit of port wine. What is Sopers Port Vineyards economic profit at their profit maximizing point? Select one: a $78 b. $278 c. $375 d. $243