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What is the oxidation state of chromium in [Cr(H2O) 4Cl2]+?
Adam Smith
Was an 18th-century Scottish economist and philosopher, known as the "father of modern economics" for his influential work on the nature and causes of the wealth of nations.
Economies of Scale
Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output decreasing with increasing scale.
Marginal Output
Refers to the additional output that results from using one more unit of a production input, such as labor or capital, in the production process.
Total Output
The total quantity of goods and services produced in an economy during a given period.
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