Answer:
a) Why is it NOT necessary to weigh accurately the sodium sulfate?
Explanation:
The mass of sodium sulfate is not important to the lab because it is not used in any of the calculations to find the partition coefficient of 9-Fluorenone.
The percentage profit = 18%
A profit is made on sale with selling price more than the purchasing price. The purchasing price is also known as the cost price.
Given the selling price = $225000
and the purchasing price = $190000
Since the selling price is more than the purchasing price, there is obviously a profit gained.
Now profit amount = Selling price - Purchasing price
= 225000-190000 = $35000
Profit percentage = (Profit / Purchasing price) x 100%
= (35000 / 190000) x 100%
= 18.42%
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Seniority is being older or more experienced than someone else. An example of the seniority rule would be a 4 year senator being appointed to a committee over a newly elected senator.
The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward
<h3>What is meant by marginal revenue?</h3>
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns. The increased total revenue produced by increasing product sales by one unit is known as marginal revenue and is a key topic in microeconomics.
An individual, group, or business that dominates and controls the market for a particular commodity or service is referred to as a monopolist. Due to the absence of substitute products or services and competition, the monopolist has the ability to command high prices. According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service.
Hence, The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward.
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