Which of the Following Statements Is True

question 77

Multiple Choice

Which of the following statements is true?

• A)Processes that are spontaneous in one direction are spontaneous in the opposite direction.
• B)Processes are spontaneous because they occur at an observable rate.
• C)Spontaneity can depend on the temperature.
• D)All of the statements are true.

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Definitions:

Break-Even Point

The point at which total costs and total revenues are equal, meaning no net loss or gain is incurred by the business.

Market Price

The amount of money required to purchase something or the cost at which something can be bought or sold in a free market.

Economic Profit

The difference between total revenue and the sum of explicit and implicit costs.

Marginal Revenue

Marginal Revenue is the additional income received from selling one more unit of a good or service.