What Should You Do When Running a Program in Automatic

question 11

Multiple Choice

What should you do when running a program in automatic mode for the first time?

• A) Watch the robot go through the program a couple of times.
• B) Keep your hand near the E-stop or stop button.
• C) Start at a speed that is less than full speed.
• D) All of these are correct.

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Definitions:

Economic Profits

Economic profits are the financial gains that exceed the total costs of production, including both explicit and opportunity costs, indicating an above-normal return.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Short Run

A time period in economics during which at least one input, such as plant size, is fixed and cannot be changed.

Competitive Firm

A company that operates in a market with many sellers, where it has little to no control over the price of its product.