A Technician Needs to Check a Single-Phase Compressor

question 13

Multiple Choice

A technician needs to check a single-phase compressor. He labels the three terminals "A," "B," and "C" and takes resistance readings of the windings. He reads 10 ohms from "A" to "B," infinity from "B" to "C," and infinity from "C" to "A." Identify the terminals.

• A) A: common B: start C: run
• B) Cannot identify terminals: winding grounded
• C) A: start B: run C: common
• D) Cannot identify terminals: open winding

Recognize how a firm's degree of monopoly power affects its resource demand elasticity.

Comprehend the relationship between resource demand elasticity and marginal revenue product curves.

Understand how wage rates affect total payrolls and employment in the context of elastic and inelastic labor demand.

Understand the profit-maximizing conditions for employing resources in competitive markets.

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Definitions:

Elastic

Describes a situation in which the demand or supply of a product is sensitive to changes in price, meaning a small change in price leads to a large change in the quantity demanded or supplied.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity of the good supplied.

Demand Curve

A graphical representation showing the inverse relationship between the price of a good or service and the quantity demanded by consumers.

Demand

The desire and ability of consumers to purchase goods and services at given price levels.