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The ancient Greek understanding of physics was limited to the statics of simple machines (the balance of forces), and did not include dynamics or the concept of work. During the Renaissance the dynamics of the Mechanical Powers, as the simple machines were called, began to be studied from the standpoint of how far they could lift a load, in addition to the force they could apply, leading ...
Basic tools of econophysics are probabilistic and statistical methods often taken from statistical physics.. Physics models that have been applied in economics include the kinetic theory of gas (called the kinetic exchange models of markets [7]), percolation models, chaotic models developed to study cardiac arrest, and models with self-organizing criticality as well as other models developed ...
When drawing diagrams for businesses, allocative efficiency is satisfied if output is produced at the point where marginal cost is equal to average revenue. This is the case for the long-run equilibrium of perfect competition. Productive efficiency occurs when units of goods are being supplied at the lowest possible average total cost.
Thermodynamic work is one of the principal kinds of process by which a thermodynamic system can interact with and transfer energy to its surroundings. This results in externally measurable macroscopic forces on the system's surroundings, which can cause mechanical work, to lift a weight, for example, [1] or cause changes in electromagnetic, [2] [3] [4] or gravitational [5] variables.
In physics, work output is the work done by a simple machine, compound machine, or any type of engine model.In common terms, it is the energy output, which for simple machines is always less than the energy input, even though the forces may be drastically different.
An equivalent statement is that perpetual motion machines of the first kind are impossible; work done by a system on its surrounding requires that the system's internal energy decrease or be consumed, so that the amount of internal energy lost by that work must be resupplied as heat by an external energy source or as work by an external machine ...
A simple machine uses a single applied force to do work against a single load force. Ignoring friction losses, the work done on the load is equal to the work done by the applied force. The machine can increase the amount of the output force, at the cost of a proportional decrease in the distance moved by the load.
Its name is derived from ergon (ἔργον), a Greek word meaning 'work' or 'task'. [1] An erg is the amount of work done by a force of one dyne exerted for a distance of one centimetre. In the CGS base units, it is equal to one gram centimetre-squared per second-squared (g⋅cm 2 /s 2). It is thus equal to 10 −7 joules or 100 nanojoules in ...