____ Switches Are Automatic Devices That Consist of an Actuator

question 9

Multiple Choice

____ switches are automatic devices that consist of an actuator, a body, and one or more contact blocks.

• A) Proximity
• B) Limit
• C) Hand-off-automatic
• D) Photoelectric

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Definitions:

Consumer Surplus

The variance between the sum consumers are willing to pay for a product or service and the actual payment made.

Single-Price Monopolist

A monopolistic firm that offers its product or service at a single price to all its consumers, without price discrimination.

Price Discrimination

A pricing strategy where similar goods or services are sold at different prices to different groups of people.

Ethnic Group

A community or population made up of people who share a common cultural background, ancestry, or social experience.