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Consider the following reaction: 2HF(g) H2(g) + F2(g) (K = 1.00 10-2)
Given 1.22 mol of HF(g) , 0.760 mol of H2(g) , and 1.09 mol of F2(g) are mixed in a 4.00-L flask, determine the reaction quotient, Q, and the net direction to achieve equilibrium.
Zero Economic Profits
A situation in perfect competition where firms earn just enough revenue to cover their total costs, including opportunity costs.
Marginal Revenue
Marginal Revenue is the additional income received from selling one more unit of a product.
Marginal Decision Rule
A principle that states that an action should be taken if, and only if, the marginal benefits exceed the marginal costs.
MC > MR
A condition where a firm's marginal cost is greater than its marginal revenue, suggesting that it would not be profitable to increase output further.
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