Examlex
An electron in a TV picture tube is accelerated through a potential difference of 20 kV before it hits the screen. What is the kinetic energy of the electron in electron volts? (1 eV = 1.6 * 10 - 19 J)
Marginal Cost
The additional expense incurred from producing one more unit of a good or service.
Standardized
Made uniform in form or character, often to enable comparability across different contexts or systems.
Perfectly Competitive
A market structure characterized by many buyers and sellers, free entry and exit, and a homogenous product, leading to no single consumer or producer having market power.
Short Run
A period in economics where at least one factor of production is fixed, and firms can't adjust all inputs.
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