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Here S is the entropy of the system; T k is the temperature at which the heat enters the system at heat flow rate ˙; ˙ = ˙ = ˙ represents the entropy flow into the system at position k, due to matter flowing into the system (˙, ˙ are the molar flow rate and mass flow rate and S mk and s k are the molar entropy (i.e. entropy per unit ...
The British imperial units and U.S. customary units for both energy and work include the foot-pound force (1.3558 J), the British thermal unit (BTU) which has various values in the region of 1055 J, the horsepower-hour (2.6845 MJ), and the gasoline gallon equivalent (about 120 MJ). Log-base-10 of the ratios between various measures of energy
An inverse way of looking at the issue would be an 'economic energy efficiency,' or economic rate of return on its consumption of energy: how many economic units of GDP are produced by the consumption of units of energy. Referring to the above examples, 1 million Btus consumed with an energy intensity of 8,553 produced $116.92 of GDP for the US ...
Metric regions commonly use the tonne of oil equivalent (toe), or more often million toe (Mtoe). Since this is a measurement of mass, any conversion to barrels of oil equivalent depends on the density of the oil in question, as well as the energy content. Typically 1 tonne of oil has a volume of 1.08 to 1.19 cubic metres (6.8 to 7.5 bbl).
The marginal product of a factor of production is generally defined as the change in output resulting from a unit or infinitesimal change in the quantity of that factor used, holding all other input usages in the production process constant. The marginal product of labor is then the change in output (Y) per unit change in labor (L). In discrete ...
The total cost of producing a specific level of output is the cost of all the factors of production. Often, economists use models with two inputs: physical capital, with quantity K and labor, with quantity L. Capital is assumed to be the fixed input, meaning that the amount of capital used does not vary with the level of production in the short ...
Average prices can be calculated by weighting different unit selling prices by the percentage of unit sales (mix) for each product variant. If we use a standard, rather than an actual mix of sizes and product varieties, the result is price per statistical unit. Statistical units are also called equivalent units.
A 1 inch tall uranium fuel pellet is equivalent to about 1 ton of coal, 120 gallons of crude oil, or 17,000 cubic feet of natural gas. [15] In light-water reactors , 1 kg of natural uranium – following a corresponding enrichment and used for power generation– is equivalent to the energy content of nearly 10,000 kg of mineral oil or 14,000 ...