Equilibrium: The Following Question(s)refer to the Equilibrium Given Below in Which

question 74

Multiple Choice

Equilibrium:
The following question(s) refer to the equilibrium given below in which all reactants and products are gases.
CH₄ + H₂O CH₃OH + H₂ + heat
Indicate the effect of the changing condition on the position of equilibrium.
-Refer to Equilibrium.Add a catalyst to the mixture.

• A) shifts left
• B) shifts right
• C) no effect
• D) can shift to right or left

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Definitions:

Marginal Revenue Product

The extra income earned by utilizing an additional unit of a production resource, while keeping all other resources unchanged.

Variable Input

Resources or inputs in production that change in quantity depending on the level of output, such as raw materials and direct labor hours.

Market Wage

The average or prevailing wage rate for a specific job in a particular market or industry.

Surplus

The condition that occurs when the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to a decrease in prices.