A Colloid Is a Type of Mixture in Which

question 12

Multiple Choice

A colloid is a type of mixture in which

• A)the particles are aerosolized.
• B)the particles settle and result in a layered mixture.
• C)the particles remain suspended in the dispersing medium indefinitely.
• D)all of the particles are of equal size and shape.

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Definitions:

Average Total Cost

The total cost of production divided by the quantity produced, it measures the average cost per unit of a product.

Competitive Firm

A business that operates in a market with many sellers offering similar or slightly differentiated products, resulting in limited market power for individual firms.

Long Run

A period during which all factors of production and costs can be fully adjusted, allowing for a complete analysis of economic equilibrium and effects.

Expanding Plant

The process of increasing the size or capacity of a manufacturing or production facility.