Examlex
The current in an electron beam in a cathode-ray tube is measured to be 50 µA.How many electrons hit the screen in 4.0 s? (e = 1.6 × 10−19 C)
Long-Run Equilibrium
A state in which all inputs and outputs in a market are fully adjusted and there is no tendency for change, often associated with perfect competition markets.
Marginal Revenue
The extra revenue obtained by selling an additional unit of a product or service.
Marginal Cost
The cost increase from producing a further unit of a product or service.
Long-Run Equilibrium
Long-run equilibrium occurs in a market when all firms earn normal profits, and no new firms have an incentive to enter or exit, resulting in market stability over time.
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