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Figure 38-11
The circuit shown in the above figure contains two control relay coils. A normally closed contact, controlled by the opposite relay, is connected in series with each coil. When the switch is closed, which relay will turn on and which will be locked out of the circuit?
Total Surplus
The sum of consumer surplus and producer surplus, representing the total benefits to society from the production and consumption of a good or service.
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A tax imposed by a government on goods and services imported from other countries.
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