A Galvanic Cell Consists of a Ni²⁺/ Ni Half-Cell and a Standard

question 82

Multiple Choice

A galvanic cell consists of a Ni²⁺/ Ni half-cell and a standard hydrogen electrode.If the Ni²⁺/ Ni half-cell standard cell functions as the anode,and the standard cell potential is 0.26 V,what is the standard reduction potential for the Ni²+/ Ni half-cell?

• A)- 0.26 V
• B)- 0.13 V
• C)+ 0.13 V
• D)+ 0.26 V

Evaluate the effects of price changes on the demand for labor and other resources, considering the substitution and output effects.

Comprehend the role of marginal revenue product (MRP) and marginal resource cost (MRC) in resource hiring decisions.

Understand the implications of the law of diminishing returns on the MRP curve and hiring practices.

Identify how the productivity and market value of resources influence their demand.

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Definitions:

Average Variable Costs

Costs that vary with the level of output, calculated by dividing the total variable costs by the quantity of output produced.

Shutting-Down

A short-run decision by a firm to halt production because operating would lead to a loss greater than the fixed costs.

Hostages

Individuals held captive by others as security for the fulfillment of specific conditions or demands.

Trading Partner

An entity or country that engages in commerce or trade with another, often under agreed terms or through treaties.