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Given the thermochemical equations, Ni + Cl2 → NiCl2 ΔH = −383 kJ
NiCl2 + Cl2 → NiCl4 ΔH = −192 kJ
What is the ΔH for 2NiCl2 → Ni + NiCl4?
Average Total Cost
This refers to the total cost of production divided by the number of units produced, inclusive of fixed and variable costs.
Marginal Cost
The cost incurred by producing one additional unit of a good or service.
Opportunity Cost
Opportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.
Marginal Product
Describes the additional output that is produced by using one more unit of a factor of production, holding all other factors constant.
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