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One of the most efficient engines built so far has the following characteristics: The combustion chamber temperature is 1900°C, the exhaust temperature = 430°C, 7.0 × 109 cal of fuel produces 1.4 × 1010 J of work in one hour. (1 cal = 4.186 J)
(a) What is the actual efficiency of this engine?
(b) What is the power output of this engine?
(c) What would be the maximum possible efficiency for an engine using the same temperature extremes?
Shoplifter
An individual who steals merchandise from a retail establishment.
Nash Equilibrium
A concept in game theory where no player can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.
Maximum Profit
The highest level of profit that can be generated from operations under given conditions and constraints.
Pricing High
Setting the price of a product or service significantly above the cost of production or acquisition to achieve higher margins.
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