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Water can be decomposed by electrolysis to hydrogen gas and oxygen gas.If 2.33 g of water is decomposed to H2(g) and O2(g) and the gases are collected in a 1.00 L flask over water at 25°C (vapor pressure H2O(l) = 23.8 mm Hg) ,what is the pressure in the flask?
Maximizing Profits
A strategy or goal of increasing the difference between the total revenue and the total cost as much as possible.
Total Profit
The total income of a business after all expenses and costs are subtracted from the total revenue.
MC = MR
A condition where a firm's marginal cost (MC) of producing an additional unit is equal to the marginal revenue (MR) gained from selling that unit, used to determine profit maximization.
Perfect Competitor
An idealized market scenario where numerous buyers and sellers interact, leading to the best products at the lowest prices due to competition.
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