Current Has Units

question 21

Multiple Choice

Current has units:

• A)kilowatt·hour
• B)coulomb/second
• C)coulomb
• D)volt
• E)ohm

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Definitions:

Price Difference

The disparity in the cost between two related goods, markets, or time periods.

Long-run Equilibrium

A state in which all factors of production and outputs are variable, leading to a situation where all firms in a market are making normal profit.

Perfectly Competitive

characterizes a market structure where there are many buyers and sellers, all selling homogeneous products, with no single participant able to influence the market price of the product.

Conditions

The circumstances or factors affecting the way in which people live or work, especially with regard to their safety or well-being.