Examlex
The explosive power of fission weapons is measured in __________,whereas the explosive power of fusion weapons is measured in __________.
Long-run Equilibrium
A state in which all factors of production and costs are variable, allowing firms to make adjustments, resulting in no economic profit in perfect competition.
Excess Capacity
Refers to the situation where a firm produces at a level less than its potential output, leading to underutilized resources.
Short Run
A period of time in which at least one input (typically capital) is fixed, affecting the firm's capacity to adjust its production levels.
Efficient Use
The optimization of resources to achieve the highest possible output or benefit with the least amount of input or waste.
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