On a Stove We Have Two Pots of Water at the Boiling

question 54

Multiple Choice

On a stove we have two pots of water at the boiling point. Pot 1 contains 1 L of water and pot 2 contains 2 L of water. Which of the following statements is true?

• A)Pot 2 is at a higher temperature than pot 1.
• B)Pot 2 has a larger thermal energy content than pot 1.
• C)Both have the same thermal energy content.
• D)Both a are b are true.

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Definitions:

Avoidable Cost

Costs that can be eliminated if a certain decision is made, not incurred if a particular activity is avoided.

Sunk Cost

A sunk cost is an expense that has already been incurred and cannot be recovered, often considered irrelevant for future business decisions.

Opportunity Cost

The cost of the next best alternative foregone as a result of making a decision.

Incremental Revenue

Additional income generated from a new sale, project, or strategy, over and above existing revenue streams.