Examlex
An inductor produces a back emf in a DC series RL circuit when a switch connecting the battery to the circuit is closed. We can explain this by
Spillover Benefits
The positive effects experienced by third parties or the wider community from an economic transaction or activity, which are not reflected in the market price.
Pollution Abatement
Measures and processes implemented to reduce, control, or eliminate pollution from various sources in order to protect the environment.
Marginal Benefit
The extra enjoyment or value derived from the consumption of one more unit of a product or service.
Marginal Cost
The increase in cost associated with the production of an additional unit of a good or service.
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