Answer:
Efficient when the marginal benefits of project = marginal costs of project.
Explanation:
Majority Decision Rule:
Majority decision rule is based on the notion of equality. An alternative is selected which has majority of votes. The simple majority decision rule may generate efficient results if the marginal benefits of a project are equal or greater than the marginal costs of the project.
Answer: 
× 
Explanation:
Please kindly find the attached document for the answer.
Answer:
The outer diameter of the spacers that yields the most economical and safe design is 25.03 mm
Explanation:
For steel bolt
Stress = 210 MPa or 210 N/mm2
Pressure = Stress* Area
Pbolt = 210 N/mm2 * 16^2 *(pi)/4
Pbolt = 210 N/mm2 * 200.96 mm^2 = 42201.6 N
For Brass spacer
Pressure = 42201.6 N
Area of Brass spacer = Pressure/Stress
Area of Brass spacer = 42201.6 N/145 N/mm^2 = 291.044 mm^2
Area of Brass spacer = (pi) (d^2 - 16^2)/4 = 291.044 mm^2
d^2 - 16^2 = 291.044 mm^2* 4/(pi) = 370.758
d^2 = 370.758 + 16^2
d^2 = 626.758
d = 25.03 mm
The outer diameter of the spacers that yields the most economical and safe design is 25.03 mm
Answer: False
Explanation: Sandwich materials are usually in composite material form which has a fabrication of two thin layers which are stiff in nature and have light weighing and thick core .The construction is based on the ratio that is of stiffness to the weight .Therefore, the density of the material in the core is not high and are only connected with the skin layer through adhesive .So the given statement is false that sandwich materials typically use a high density core with non- structural cover plates.
