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The equilibrium constant for the dissociation reaction A2 ↔ 2A is 6 × 10-12 atm at 600 K and 1 × 10-7 atm at 800 K. Calculate the standard enthalpy change for this reaction assuming that the enthalpy is constant. What is the entropy change at 600 K?
Suppose the demand for a product is given by P = 100 - 2Q. Also, the supply is given by P = 20 + 6Q. A) What is the equilibrium price and quantity of the product B) What is the price elasticity of demand at the equilibrium price
Assume that you raise the price of a product you have in inventory from $600 to $1,000. After the price increase you notice that your sales of this product have gone from 300 per month to 100 per month. 1. Calculate the price elasticity of demand f..
Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a packet of cigarettes currently costs $8 and the government wants to reduce smoking by 20%, by how much should it increase the price
Discuss, with the use of graphs, the effects that an increase in world output of oil would have on the price and demand for each of the following: oil, coal, cars and electricity.
Write a program to compute the autarky solution, and use it to reproduce Hopenhayn and Nicolini's calibration of r, as described in text.
Suppose that the cost of production of laptop computers shows initially a brief span of decreasing marginal costs, followed by increasing marginal costs.
The town of Dry Gulch needs more water from Pine Creek. The town engineer has selected two plans for comparison: a gravity plan (divert water at a point 10 miles up Pine Creek and pipe it by gravity to the town) and a pumping plan (divert water at..
What is Bob's average annual earnings. In the previous question, what is the standard deviation of the annual salary? What is the probability that John will get 2 tickets during the week (Monday-Friday)?
XYZ Corporation is a manufacturer of widgets. Over the past several months, it has been selling its widgets for $100 each and unit sales have averaged 5,000 units per month. This month its competitor, ABC, Inc. raised the price of its widgets from..
Generic Brands is expected to earn a profit of $1 million each year forever into the future. If the interest rate is 5%, and there are 20,000 shares of company stock outstanding, how much will investors be willing to pay for a single share of Gene..
The bond fund manager forecasts that, in four years, the 15-year bond will sell at a yield to maturity of 6.45% and the 20-year bond will sell at a yield to maturity of 6.70%. The bond fund manager also expects that the coupons can be reinvested a..
When the price for a color television is $240, the monthly sales for this item at a department store is 450. For each $5 increase in price, the monthly sales fall by 5 units. How many color televisions should be sold to maximize monthly sales and ..
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