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If set in the_________ position, the coil is connected directly to the power line and the motor will run continuously.
Economic Inefficiency
A situation where resources are not used in the most productive way, often leading to waste or a loss of potential output.
Minimum Average Total Cost
The lowest point on the average total cost curve, where a firm is most efficiently combining resources to produce goods or services.
Marginal Cost
The extra expense associated with the production of an additional single unit of a product or service.
Resource Allocation
The process of distributing available resources among various projects or business units to maximize the efficiency and performance of the organization.
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