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A cable stretches by an amount d when it supports a crate of mass M. The cable is replaced by another cable of the same material having the same length and twice the diameter. What is the mass of the load that can be supported by the thicker cable if it stretches by an amount d?
Joint Venture
Formed when a firm entering a new market pools its resources with those of a local firm to form a new company in which ownership, control, and profits are shared.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach to assess their purchasing power equivalency.
Big Mac Index
An informal measure of purchasing power parity between two currencies, calculated by comparing the price of a McDonald's Big Mac burger in different countries.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach, adjusting for the cost of living and inflation rates to determine relative currency values.
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