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A reaction is experimentally found to follow the rate law, Rate = k[A]2 where k = 0.355 M-1min-1. Starting with [A]o = 1.55 M, how many seconds will it take for [A]t = 0.150M
Minimum Efficient Scale
The smallest level of production a company can achieve while still taking full advantage of economies of scale in terms of costs per unit.
Long-Run Average Cost Curve
A graphical representation showing the lowest average cost of producing any output level when all inputs can be varied.
Plant Size
Plant Size pertains to the capacity or physical dimensions of a manufacturing or production facility.
Diseconomies of Scale
A situation where, as a firm increases production, the costs per unit increase instead of decreasing due to inefficiencies.
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