There Is a Current I Flowing in a Clockwise Direction

question 38

Multiple Choice

There is a current I flowing in a clockwise direction in a square loop of wire that is in the plane of the paper.If the magnetic field B is toward the right, and if each side of the loop has length L, then the net magnetic force acting on the loop is:

• A)2ILB.
• B)ILB.
• C)IBL².
• D)zero.

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Definitions:

Marginal Product

The boost in output stemming from an increment in input by one unit.

Wage

The payment received by workers for their labor, typically expressed as an amount per hour or per year.

Factor Markets

Markets where services of the factors of production (labor, capital, land) are bought and sold.

Oligopolies

Market structures dominated by a small number of large firms, leading to competition that is less than in perfectly competitive markets but more than in monopolistic scenarios.