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Antacids neutralize acid by the following reaction.Identify the salt in the following equation: Mg(OH) ₂ + 2HCl → MgCl₂ + H₂O
Marginal Benefit
The supplementary enjoyment or advantage derived from consuming an extra unit of a good or service.
Marginal Cost
The amount of money needed to manufacture an extra unit of a good or service.
Diagram
A simplified drawing or plan that represents the essential features of something, often used for explanation or clarification.
Coase Theorem
A principle that asserts if trade in an externality is possible and there are no transaction costs, parties can negotiate to solve the problem privately.
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