A Transformer Is a Device That Normally

question 60

Multiple Choice

A transformer is a device that normally

• A) operates only on ac.
• B) operates on either dc or ac.
• C) operates only on dc.

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Definitions:

Marginal Cost Pricing

A pricing strategy where the price of a good or service is set equal to the marginal cost of producing one more unit, commonly used in regulated utilities.

Regulatory Agency

A government body responsible for creating and enforcing rules to govern a specific industry or sector.

Social Welfare

Policies and programs designed to improve the well-being of individuals and communities, addressing needs such as health, education, and employment.

Natural Monopoly

A market condition where a single firm can provide a product or service at a lower cost than any potential competitor, often due to high fixed or start-up costs.