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The Salinity (Mostly NaCl) in Some Parts of the Great 27%27 \%

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Essay

The salinity (mostly NaCl) in some parts of the Great Salt Lake (Utah) is 27%27 \% ; this is sometimes expressed as 270 parts per thousand, meaning 270 g270 \mathrm {~g} of salt per liter of solution. Estimate the height of a column of water that can be supported by the osmotic pressure between Great Salt Lake water and freshwater. The density of a 27\% salt solution is 1200 kg/m3\approx 1200 \mathrm {~kg} / \mathrm { m } ^ { 3 } .


Definitions:

Minimum ATC

Minimum ATC, or minimum average total cost, is the lowest point on the average total cost curve, representing the most efficient scale of production for a firm.

Entry Barriers

Obstacles that make it difficult for new competitors to enter a market, which may include high capital requirements, brand loyalty, or regulatory policies.

Marginal Costs

The cost of producing one additional unit of a good or service.

Profit-Maximizing

The process by which a company determines the price and output level that returns the greatest profit.

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