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Technician A says that the ECM will compare sensor data with an expected or commanded value provided by a calibration lookup table and ask a series of "if" questions. Technician B says if the lookup-table value matches the sensed measurement, then the ECM changes the electrical signal supplied to the actuator. Who is right?
Efficient Price
A market price that reflects all available information and results in an allocation of resources that maximizes overall utility.
Marginal Cost
The incurred cost from generating one more unit of a product or service.
Deadweight Loss
The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.
Marginal Cost
The increase in total cost that arises from producing an additional unit of a good or service.
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