A Student Can Accept That $\Delta$ G ^$\circ$ = -RT Ln K,but Cannot Reconcile the Relationship Between

question 32

Multiple Choice

A student can accept that $\Delta$ G ^$\circ$ = -RT ln K,but cannot reconcile the relationship between $\Delta$ S ^$\circ$ and ln K.Choose the equation that shows this relationship.

• A)"\(\Delta\)S \(\circ\) = R ln K - \(\Delta\)H \(\circ\) /T"
• B)"\(\Delta\)S \(\circ\) = +ln(K/R)+ \(\Delta\)H \(\circ\) /T"
• C)"\(\Delta\)S \(\circ\) = +R ln(K/T)+ \(\Delta\)H \(\circ\) "
• D)"\(\Delta\)S \(\circ\) = +R ln K + \(\Delta\)H \(\circ\) /T"
• E)"\(\Delta\)S \(\circ\) = -R ln K + \(\Delta\)H \(\circ\) /T"

---

Definitions:

Economic Profits

The margin found by reducing total revenue by the sum of clear and concealed costs.

Market Price

The present price at which a service or asset is available for purchase or sale in the open market.

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing excess earnings over the normal rate of return.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, identical products, and no barriers to entry or exit, leading to efficient price determination.