Is this multiple choice?<span />
As it dissolves a large number of solid, liquid and gaseous substances it's called a universal solvent. It's important for living thing because all of them depend on water to survive. For example, many organisms live in the water and they find some of the nutrients that are necessary for live dissolved in water - gases included.
Answer:
I know that the 100-mL graduated cylinders are always read to 1 decimal place.
I think for 50 mL graduated cylinders, it lets you measure volumes up to 50.0 mL to the nearest 0.1 or 0.2 mL, depending on your exact cylinder.
The volume of HCl required is 23.89 mL
Calculation of volume:
The reaction:

As HCl and NaOH react in 1 : 1 ratio.
Volume of NaOH= 718 mL
Concentration= 0.183M
Volume of HCl= ?
Concentration= 5.50M
Using the dilution formula:


Therefore,
Volume of HCl required will be 23.89 mL.
Learn more about neutralization reaction here,
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Chemical equilibrium is reach when the concentrations of the product and reactants will no longer change with time. this does not mean that there is no change in concentration, only the net change is zero. the forward rate of reaction is now equal to backward rate of reaction.