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An unknown gaseous hydrocarbon contains 85.63% C.Its density is 1.524 g/L at 0.665 atm and 373 K.What is the molecular formula of the gas? (R = 0.08206 L⋅atm/mol⋅K)
Optimal Output
The level of production that maximizes a firm's profit, where marginal revenue equals marginal cost.
Producer Surplus
Producer surplus is the difference between what producers are willing to accept for a good or service versus what they actually receive, reflecting gains from trade.
Economic Rents
Earnings from a factor of production in excess of what is necessary to keep the factor in its current use, often due to limited supply or unique qualities.
Competitive Market
A market structure characterized by many buyers and sellers where no single participant has market power to influence prices significantly.
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