Examlex
Use the ?H°f information provided to calculate ?H°rxn for the following: ?H°f (kJ/mol) SO2Cl2(g) + 2 H2O(l) ? 2 HCl(g) + H2SO4(l)
?H°rxn = ?
SO2Cl2(g) -364
H2O(l) -286
HCl(g) -92
H2SO4(l) -814
Long-Run Minimum Cost
The lowest cost at which a firm can produce any given level of output in the long run, when all inputs can be varied.
Average Total Cost Curve
A graph that shows the cost per unit of output at different levels of production, illustrating how average total cost changes with changes in output.
Short-Run
A period in which at least one of a firm's inputs is fixed and cannot be changed.
Average Fixed Cost
The fixed costs of production divided by the quantity of output produced, which decreases as production increases.
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