On a Certain Date,Mars Has an Apparent Magnitude of +1

question 15

Multiple Choice

On a certain date,Mars has an apparent magnitude of +1 and Venus has an apparent magnitude of +2.Which is brighter and by how much?

• A)Venus is twice as bright as Mars
• B)Venus is 2.5 times as bright as Mars
• C)Mars is twice as bright as Venus
• D)Mars is 2.5 times as bright as Venus
• E)Mars is 100 times as bright as Venus

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Definitions:

Long-run Equilibrium

A state in which all aspects of the market, including supply, demand, and price, are stabilized over time, allowing for full adjustment to any economic changes.

MR = MC

This equation represents the profit-maximizing condition in economics where marginal revenue (MR) equals marginal cost (MC), often used to determine the optimal level of output.

Competitive Price-searcher

A market participant who actively compares prices among competitors to find the best possible deal, often in markets with imperfect competition.

Short-run Losses

Financial losses that a firm experiences within a limited time period, usually due to fixed costs and market conditions.