Examlex
If the area of the plates of a parallel plate capacitor is halved and the separation between the plates tripled,then by what factor does the capacitance change?
Fixed Factors
Inputs in the production process that remain constant and cannot be easily increased or decreased in the short term, such as machinery or land.
Economic Profits
Profits earned by a firm after accounting for both explicit and implicit costs, indicating the total returns exceeding the costs of all resources employed.
Economic Profit
The difference between a firm's total revenue and its total costs, including both the explicit and implicit costs, representing the financial gain exceeding the opportunity costs.
Total Revenue
The gross income of a company, which is the sum of money generated from its goods or services sold before deducting any costs.
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