The Ocean Thermal Energy Conversion Project Uses the Surface Water

question 64

Multiple Choice

The ocean thermal energy conversion project uses the surface water near tropical islands with a temperature of 20°C as the hot temperature reservoir,and the water at some depth,with a temperature of 5.0°C,as the cold temperature reservoir for a thermodynamic engine.What is the maximum possible efficiency of an engine running between those two temperatures?

• A)4.7%
• B)5.1%
• C)7.9%
• D)15%
• E)30%

---

Definitions:

Call Contract

An options contract that gives the holder the right to buy an underlying asset at a specified price within a certain period.

Write

In finance, this term often refers to the act of selling a derivative contract, such as an option, thus obligating the writer to fulfill the contract terms if exercised.

Profit

Profit is the financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Call Premium

The additional amount that the price of a call option exceeds its intrinsic value, often influenced by time remaining until expiration and volatility.