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Write balanced equations, showing all reactants and products, to represent
a. roasting of limestone (CaCO3) to give lime.
b. tetraphosphorus decaoxide (P4O10) reacting with water to produce phosphoric acid.
Retained Earnings
Cumulative net earnings not distributed as dividends to shareholders, but instead reinvested in the business.
Inflation
The pace at which prices for goods and services across the board go up, diminishing the value of money.
Required Rate
The minimum return an investor expects to achieve on an investment, considering its risk level and the opportunity cost of forgoing other investments.
Marginal Cost
Marginal cost refers to the increase or decrease in the total cost of producing one more unit of a good or service.
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