What are the implications of the law of conservation of matter and energy for recycling and waste disposal?
The physical law of conservation of matter and energy states that objects cannot disappear?at most they can be changed into something else. This means that after a raw material has been used, either it must be used again (recycled) or it becomes a waste product that requires disposal. It may end up in some municipal dump; it may literally go up in smoke, contributing to atmospheric pollution; or it may be transformed into heat, warming up adjacent waterways and killing aquatic life.
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An agreement among firms to charge the same price or otherwise not to compete is called
A) a payoff matrix. B) a subgame-perfect equilibrium. C) collusion. D) a Nash equilibrium.
Define the following terms. Give a complete and precise definition in one sentence
a. total utility b. marginal utility c. consumer's surplus d. "law" of demand