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The reaction that occurs in a Breathalyzer, a device used to determine the alcohol level in a person's bloodstream, is given below. If the rate of appearance of Cr2(SO4) 3 is 1.64 mol min-1 at a particular moment, what is the rate of disappearance of C2H6O at that moment? 2K2Cr2O7 + 8H2SO4 + 3C2H6O → 2Cr2(SO4) 3 + 2K2SO4 + 11H2O
Market Supply Curve
A graphical representation showing the total quantity of a good or service that suppliers are willing and able to sell at different prices.
Producer Surplus
The difference between the amount that producers are willing and able to sell a good for and the actual amount they receive in the market.
Economic Rent
Income derived from the possession of a unique resource, exceeding that which is needed to keep the resource in its current employment.
Economic Profit
The profit from producing goods and services while considering both explicit and implicit costs, including opportunity costs.
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