Which Statement Is True

question 12

Multiple Choice

Which statement is true?

• A) There is always more heat given off to the surroundings in a reversible process than in an unharnessed one.
• B) In a reversible process, the state functions of the system are always much greater than those of the surroundings.
• C) A thermodynamically reversible process takes place infinitely fast.
• D) All real processes are irreversible.
• E) All these statements are true.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business.

Marginal Costs

The additonal cost incurred by producing one more unit of a product or service.

Elasticity of Demand

The elasticity of demand measures how responsive the quantity demanded of a good or service is to a change in its price, indicating the sensitivity of consumers to price changes.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.