Chemistry 12 Unit 2 Notes - Equilibrium Chemistry 12 Tutorial 5 – The Equilibrium Constant (Keq) What is Keq ? The "K" in Keq stands for "Constant". The "eq" means that the reaction is at equilibrium. Very roughly‚ Keq tells you the ratio of Products/Reactants for a given reaction at equilibrium at a certain temperature. [Products] [Reactants] K eq = It’s not quite this simple when we deal with real substances. Let’s take an example. It has been found for the reaction: 2HI(g )
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by a person. Group development research has proposed various models to explain how new groups form‚ work together‚ and disband. These models fall into two categories: Five stages model‚ often exemplified by Tuckman‚ (1965); and the punctuated equilibrium model of Gersick (1988). In this paper it will be analyzed which model is more applicable or otherwise there are some conditions‚ that requires a development of an integrated model of group development that can combine these two types of models
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examples in real life. To understand the underlying logic of the game’s strategy one must understand the Nash Equilibrium. Princeton University’s Website (an excellent source since John Nash the person who came up with the Equilibrium attended that university) defines Nash Equilibrium as “a solution concept of a game involving two or more players‚ in which each player is assumed to know the equilibrium strategies of the other players‚ and no player has anything to gain by changing only his or her own strategy
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Demand‚ Supply and Market Equilibrium Every market has a demand side and a supply side and where these two forces are in balance it is said that the markets are at equilibrium. The Demand Schedule: The Demand side can be represented by law of downward sloping demand curve. When the price of commodity is raised (ad other things held constant)‚ buyers tend to buy less of the commodity. Similarly when the price is lowered‚ other things being constant‚ quantity demanded increases. The above
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Torques equilibrium‚ and center of gravity Introduction Torque is a quantitative measure of the tendency of a force to cause or change the rotational motion of a rigid body. A torque is the result of force acting at a distance from an axis of rotation. An essential thing to keep in mind is that the magnitude of the torque is equal to the product of the forces perpendicular distance and magnitude. Theory The magnitude of the torque (t) is found from the product of the force F and
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strategies in equilibrium (if they play the same strategy‚ we say it is a pooling equilibrium; if they differ‚ we say it is a separating equilibrium); one type of Player 1 may play a pure strategy while the other plays a mixed strategy (leading to a semi-separating equilibrium); or both types of Player 1 may play mixed strategies. (We won’t deal with the latter case.) When looking for a PBE... 1. Decide whether you’re looking for a separating‚ pooling‚ or semi-separating equilibrium. 2. Assign a strategy
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but also times where policy change happens relatively quickly and seems to favor new avenues of influence. The authors utilize a model of evolution known as “punctuated equilibrium‚” which was originally developed by paleontologists‚ to describe the dynamics and patterns of policy change. This process of punctuated equilibrium asserts that the political system “displays considerable stability with regard to the manner in which it processes issues‚ but the stability is punctuated with periods of
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TOPIC 1: RATES AND CHEMICAL EQUILIBRIUM QUESTION 1: (Taken from the DoE Physical Sciences Feb-March Paper 2 2009) Antacids are used to relieve indigestion. Indigestion is the condition when the stomach produces too much acid resulting in an uncomfortable and painful feeling. A certain antacid tablet dissolves in water and reacts with the acid in the stomach to release carbon dioxide gas. 1.1 Name the type of chemical reaction that explains why antacids bring relief from indigestion
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Section A a. Explain the concept of dominant strategy equilibrium. 1. http://tuvalu.santafe.edu/~jkchoi/game4.pdf 2. http://econweb.umd.edu/~borowitz/dominant_strategy_equilibrium.pdf b. Discuss the concept of Nash equilibrium. 1.http://www.economics.utoronto.ca/osborne/igt/nash.pdf 2. http://www.columbia.edu/~rs328/NashEquilibrium.pdf c. Is every dominant strategy equilibrium a Nash equilibrium? 1. http://economics.fundamentalfinance.com/game-theory/nash-equilibrium
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Meaning and Definition of Market Market generally means a place or a geographical area‚ where buyers with money and sellers with their goods meet to exchange goods for money. In Economics market refers to a group of buyers and sellers who involve in the transaction of commodities and services. Characteristics of a market 1. Existence of buyers and sellers of the commodity. 2. The establishment of contact between the buyers and sellers. Distance is of no consideration if buyers and sellers could
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