The statement was false as it mentioned, the profit-maximizing rule leaves room for cases where it is both possible and reasonable for a firm to operate at a loss over the long run
What is profit-maximizing rule ?
According to the Profit Maximization Rule, if a corporation want to maximise its profits, it must select the level of output where Marginal Cost (MC) equals Marginal Revenue (MR) and the Marginal Cost curve is increasing. To put it another way, it must generate at a level where MC = MR.
The profit maximization rule formula is as follows:
MC = MR
The marginal cost is the cost increase caused by manufacturing one extra unit of an item.
The difference in total revenue as a result of altering the rate of sales by one unit is referred to as marginal revenue. The slope of Total Revenue is also known as Marginal Revenue.
Total Revenue - Total Costs = Profit
Profit maximisation happens when there is a considerable gap or disparity between total revenue and total cost.
so the given statement the profit-maximizing rule leaves room for cases where it is both possible and reasonable for a firm to operate at a loss over the long run. was a false statement.
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Answer:
Dynamic equilibrium occurs when the rate of the forward reaction equals the rate of the reverse reaction:
Explanation:
Reaction quotient is the ratio of product of concentrations of products to product of concentrations of reactants at any time.
The same ratio at equilibrium (when rate of forward reaction becomes equal to rate of backward reaction) is equilibrium constant.
when Q < Kc, a forward reaction is favored.
When when Q > Kc, a backward or reverse reaction is favored
So the first statement that
a) A reaction quotient (Q) larger than the equilibrium constant (K) means that the reaction will favor the production of more products: false
b) No the rate of forward and backward reaction are equal.
c) c. Dynamic equilibrium occurs when the rate of the forward reaction equals the rate of the reverse reaction: True
d) Dynamic equilibrium indicates that the amount of reactants and products are equal: This could be static equilibrium but not dynamic.
Insects and dogs are both in the Animalia classification.
Answer:
V = 85.619 L
Explanation:
To solve, we can use the ideal gas law equation, PV = nRT.
P = pressure (645 mmHg)
V = volume (?)
n = amount of substance (3.00 mol)
R = ideal gas constant (62.4 L mmHg/mole K)
T = temperature (295K)
Now we would plug in the appropriate numbers into the equation using the information given and solve for V.
(645)(V) = (3.00)(62.4)(295)
(V) = (3.00)(62.4)(295)/645
V = 85.619 L
