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Two ideal gases,X and Y,are thoroughly mixed and at thermal equilibrium in a single container.The molecular mass of X is 4 times that of Y.What is the ratio of root-mean-square velocities of the two gases,vX,rms /vY,rms?
Minimum ATC
The point at which the average total cost of production is at its lowest, indicating the most efficient scale of production.
Demand Schedule
A table of numbers showing the amounts of a good or service buyers are willing and able to purchase at various prices over a specified period of time.
Economic Profit
The difference between total revenue and total cost, including both explicit and implicit costs.
Industry Entry
Refers to the process of a new firm or business starting operations in a specific industry, typically involving overcoming barriers to entry.
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