A Company Claims to Have Developed Material That Absorbs Light

question 50

Multiple Choice

A company claims to have developed material that absorbs light energy without a transfer of momentum.Such material is:

• A)impossible
• B)possible, but very expensive
• C)inexpensive and already in common use
• D)in use by NASA but is not commercially available
• E)a breakthrough in high technology

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Definitions:

Variable Costs

Costs that vary directly with the level of output or business activity, such as materials and labor.

Revenues

The total income produced by a company from its activities, before any expenses are subtracted.

Long-run Supply Curve

A graphical representation that shows the relationship between the price of a good and the quantity supplied over a period long enough for producers to adjust all of their inputs.

Short-run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied over a short period, holding some inputs fixed.