Examlex
A sample of hydrogen gas exerts a pressure of 466 torr in a container. What is this pressure in atmospheres? (1 atm = 1.01325 ×105 Pa = 760 torr)
Marginal Products
The additional output that is produced by employing one more unit of a variable factor of production, holding other inputs constant.
Separating Equilibrium
A situation in economics where different types of market participants can be distinguished based on their actions or decisions.
Pooling Equilibrium
A situation in game theory where different types of players choose the same strategy, making it impossible for observers to differentiate between them based on their actions.
Microeconomics
A branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
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