What Is a Reaction Rate

question 69

Multiple Choice

What is a reaction rate?

• A)It is the speed at which reactants are consumed or product is formed.
• B)It is the balanced chemical formula that relates the number of product molecules to reactant molecules.
• C)It is the ratio of the masses of products and reactants.
• D)It is the ratio of the molecular masses of the elements in a given compound.
• E)none of the above

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Definitions:

Fixed Costs

Expenses that do not change with the amount of goods or services produced by a business.

Sunk Costs

Sunk costs refer to expenses that have already been incurred and cannot be recovered, and therefore should not affect future business decisions.

Opportunity Costs

The missed opportunity to benefit from different options when a single choice is made.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.