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You make two sucrose solutions, one of 0.5M and one of 2M and go out for lunch. When you return, you realize that you forgot to label the beakers! You remake the solutions, but give the undergrads in your lab an experiment to determine which beaker holds which solution. They fill two balloons, which are semi- permeable to water, but not to sucrose, with a 0.75M sucrose solution. One balloon is then placed in each of the unknown sucrose solution beakers. After several hours, they observe that the balloon in beaker 1 has swelled, while the balloon in beaker 2 has shrivelled. This indicates that beaker one contained the _ sucrose solution, while beaker 2 contained the sucrose solution.
Marginal Cost
The financial increase incurred by adding one more unit to the production of a product or service.
Short Run
A time period in economics during which at least one input (e.g., plant size, machinery) is fixed, affecting the firm's capacity to adjust production levels.
Long Run
A period in which all factors of production and costs are variable, allowing firms and the economy to adjust to changes fully.
Sales
encompasses the transactions of selling goods or services to consumers in exchange for money or other compensations.
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