Examlex
A two-slit apparatus is illuminated with red light of wavelength 660 nm, and 9 interference maxima are observed within the 4.5 cm-wide central diffraction maximum on a distant screen. If blue light of wavelength 440 nm is used instead, how many fringes will there be in the new central diffraction maximum?
Diminishing Returns
A principle stating that adding an additional factor of production results in smaller increases in output.
Marginal Product
The additional output resulting from the use of one more unit of a factor of production.
Labor
Human effort used in the production of goods and services.
Perfect Competition
A market structure characterized by a large number of small firms, identical products sold by all firms, no barriers to enter or exit the market, and perfect knowledge of prices and technology.
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