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The annual fuel utilization efficiency (AFUE; pronounced 'A'-'Few' or 'A'-'F'-'U'-'E') is a thermal efficiency measure of space-heating furnaces and boilers.The AFUE differs from the true 'thermal efficiency' in that it is not a steady-state, peak measure of conversion efficiency, but instead attempts to represent the actual, season-long, average efficiency of that piece of equipment ...
The heat pump itself can be improved by increasing the size of the internal heat exchangers, which in turn increases the efficiency (and the cost) relative to the power of the compressor, and also by reducing the system's internal temperature gap over the compressor. Obviously, this latter measure makes some heat pumps unsuitable to produce ...
For example, the average automobile engine is less than 35% efficient. Carnot's theorem applies to thermodynamic cycles, where thermal energy is converted to mechanical work. Devices that convert a fuel's chemical energy directly into electrical work, such as fuel cells , can exceed the Carnot efficiency.
If producing 5 shirts generates an average total cost of 11 dollars and average variable cost of 5 dollars, the fixed cost would be 6 dollars. Similarly, the firm produces 10 shirts and average total cost and average variable cost is 10 dollars and 7 dollars respectively. In this case, the average fixed cost would be 3 dollars.
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...
A long-run average cost curve is typically downward sloping at relatively low levels of output, and upward or downward sloping at relatively high levels of output. Most commonly, the long-run average cost curve is U-shaped, by definition reflecting economies of scale where negatively sloped and diseconomies of scale where positively sloped.
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