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Consider the following equilibrium reaction:
NH₃+ H₂ O NH ₄+ + OH - K b (NH ₃) = 1.8 10 - 5 Qualitatively, what is the effect of adding NaOH to an aqueous solution of NH₃as shown in the equilibrium reaction above?
(Use Le Chatelier s principle.)
Variable Input
An input whose quantity the firm can vary at any time to increase or decrease production.
Total Product Curve
The total product curve illustrates the relationship between the quantity of inputs used in production and the quantity of output produced, demonstrating the law of diminishing returns.
Variable Input
A production input whose quantity can be changed in the short term to adjust the level of output.
Marginal Product Curve
The marginal product curve depicts the change in output resulting from employing one more unit of a specific input, holding all other inputs constant, and typically features phases of increasing, constant, and diminishing marginal returns.
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