Briefly Explain the Principle of the Mercury Barometer

question 54

Short Answer

Briefly explain the principle of the mercury barometer.Mercury is relatively expensive and toxic.Why do you think mercury is used in barometers instead of another fluid such as water?

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Definitions:

ATC Curve

A graph that represents the average total cost of production at different levels of output, typically U-shaped due to economies and diseconomies of scale.

Monopolistic Competitor

A monopolistic competitor refers to a market structure where many firms sell products that are similar but not identical, allowing for product differentiation and some price control.

ATC Curve

Stands for Average Total Cost curve, a graph that represents the average total cost of producing a good or service at different levels of output.

Monopolistic Competitor

A firm in a market structure where many companies sell products that are similar but not identical, leading to competition based on factors other than price.