Examlex
A heat engine with an output of 300 W has an efficiency of 25% and works at 10 cycles/s.How much heat is absorbed (Qh) and how much rejected (Qc) in each cycle?
Economies Of Scale
The cost advantages that enterprises obtain due to their scale of operation, leading to a reduced cost per unit of output.
Long-Run Average Cost
The per-unit cost of production in the long term, where all inputs, including capital, are variable, often used to analyze economies of scale.
Scale Of Operation
The scope or size of a business or production process, which can affect efficiency and cost.
World Price
The international market price of a good, influenced by global supply and demand.
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