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The pressure (p), temperature(T), and density (ρ of dry air are related by the Ideal Gas Law: p = ρ R T, where R is the dry air gas constant (287 J / kg K). Suppose a sample of dry air is in a hollow cube with 10 cm sides. What is the mass of the air in the cube if its pressure and temperature are 850 mb and 10 Celsius, respectively? (Pay attention to units!! You will need to convert units to get them to cancel out with the units in the gas constant, otherwise your answer will be incorrect.) Hint: it may be helpful to convert the cube dimensions to the appropriate units before calculating the cube's volume.
Identify the nature of the “pitfall” to sound economic reasoning represented by the following circumstances: You are attending a concert and recognize that you will have a better view of proceedings if you stand—hence if everybody stood…everybody wou..
Many rich developed countries (like countries of the EU or the US have suffered from inexpensive imports coming from Asia and other emerging countries. As a result, many industries and parts of sectors of our economies have disappeard since the onset..
You are a currency trader that is always seeking to make triangular arbitrage profits in the FX market. You notice the following quotes by three different banks today. Determine if there is or there is not an opportunity to make arbitrage profit. If ..
When thousands of products and their prices are at stake, does it make sense that comparative advertising at the store level be permitted? Based on what you read and any further research you choose to do, has Wal-Mart competed fairly with its compara..
Peanut butter and jelly are:
It is believed that education provides a positive externality (i.e. an external benefit) to society that would not be exhibited in a free market for education.
In “Intellectual Property and Pharmaceutical Drugs: An Ethical Analysis,” Richard T. De George lays out what he comes to call the “Status Quo Approach” as a defense of copyright protection of pharmaceuticals. Do you find this argument persuasive ..
Joey, David, Tracy, and Surly own one track bicycle apiece, and they\'ve each modified to sell them as fixed-gear bikes or \"fixies.\" Joey is willing to sell his bike at $100 or more. Maintain the orientation of each bar when creating the graph (i.e..
In 2009, the United States imposed a tariff of 35% on radial car tire imports from China. The tariff caused imports of these tires to drop from 13 million tires to less than 6 million tires in one quarter, and the average price of these tires to incr..
Diminishing marginal returns to labor means
You know that marginal cost of last unit is $30. Should industry continue to operate at a loss. Carefully elucidate your answer
What is endogenous growth? How do endogenous growth models differ from the neoclassical models of growth? How do the implications of an increase in saving with regard to both the level and the growth rate of output differ between the neoclassical gro..
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