Select the Two Terms Below That Are Used to Describe

question 33

Multiple Choice

Select the two terms below that are used to describe a UPS that provides continuous voltage to a device by switching virtually instantaneously to the battery when it detects a loss of power:

• A)offline UPS
• B)standby UPS
• C)standby power supply
• D)failover power supply

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Definitions:

Socially Efficient

A condition where resources are allocated in a way that maximizes the overall benefit to society, taking into account all costs and benefits.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service.

Nash Equilibrium

Nash Equilibrium is a concept in game theory where each player's strategy is optimal given the strategies of all other players, leading to a situation where no player can benefit by changing strategies unilaterally.

Profit-Maximizing

A strategy or process by which a firm adjusts its production and pricing to achieve the highest profit possible.