Two Inflated Balloons Are of Identical Size and Shape,but One

question 40

Multiple Choice

Two inflated balloons are of identical size and shape,but one is filled with hydrogen,the other helium.Which has the larger buoyant force on it?

• A)neither-the buoyant forces must be equal
• B)the helium balloon
• C)the hydrogen balloon
• D)It can't be determined.

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Definitions:

Price Takers

Market participants who accept prevailing prices because they have no power to influence the market price due to their small market share.

Perfect Competition

A market structure characterized by a large number of small firms, homogeneous products, free entry and exit, and perfect information, leading to firms being price takers.

Diminishing Marginal Returns

A principle stating that as more of a variable input is added to a fixed input, the additional output from each new unit of input will eventually decrease.

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit, where marginal cost equals marginal revenue.