A Real Gas Undergoes a Process Which Can Be Represented

question 96

Multiple Choice

A real gas undergoes a process which can be represented as a curve on a p-V diagram.This curve is an isotherm if:

• A)the volume of the gas does not change
• B)the temperature of the gas does not change
• C)the pressure of the gas does not change
• D)the gas does no work on its environment
• E)the gas exchanges no heat with its environment

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Definitions:

Economic Profits

Economic Profits are the profit made by a company after deducting both explicit and implicit costs, representing the true profitability of the company.

Long Run

a period in which all factors of production and costs are variable, allowing firms to adjust all inputs.

Monopolistically Competitive

Describes a market structure where many firms sell products that are similar but not identical, allowing for product differentiation and some degree of market power.

Normal Profit

The minimum level of profit needed for a company to remain competitive in the market, equating to its opportunity costs.