Tech a States That There Is No Difference Between an Electric

question 45

Multiple Choice

Tech A states that there is no difference between an electric transmission pump and a gerotor pump. Tech B states that the electric pump is often used on high voltage hybrid vehicles that require special service techniques. Who is correct?

• A) Tech A
• B) Tech B
• C) Both A and B
• D) Neither A nor B

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Definitions:

Economic Profits

Profits exceeding the normal return on investment, calculated by subtracting both explicit and implicit costs from total revenues.

Industry Expansion

The process of a sector growing in size, output, or number of entities, often due to increased demand or technological advancements.

Normal Profits

The level of profit necessary to cover the costs of the inputs owned by the firm, acting as the minimum earnings to keep the firm in business.

Competitive Equilibrium

A state in a market where supply equals demand, with no external influences altering the price or quantity.