The Principle That Explains the Scattering of Shortwave Radiation and Accounts

question 56

Multiple Choice

The principle that explains the scattering of shortwave radiation and accounts for Earthʹs blue sky is

• A)Rayleigh scattering.
• B)refraction.
• C)Mie scattering.
• D)transmission.

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Definitions:

Long-run Total Costs

The total costs incurred by a firm when all factors of production are variable, and the firm can change its scale of operation.

Opportunity Cost

The expense incurred by not choosing the second-best option available during the decision-making process.

Bank Loan

A sum of money borrowed from a bank that must be repaid with interest over a set period.

Diminishing Marginal Product

The principle that as the quantity of a factor of production increases, holding all other inputs constant, the additional output generated by one more unit of that factor will eventually decrease.