The Determination of Keq for FeSCN2+ Joy Muthami February 12 2014 Introduction: The purpose of this lab was to calculate the equilibrium constant for the reaction of iron (III) ions with thiocyanate ions. The materials were first acquired then with the groups in the class each team was given a test solution to create and acquire information from then all the information was put together in order to save time. Specifically the group created test solutions #8‚ #9‚ and #10. Once the solutions were
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participants: [List names] Section Number: [List 3-digit number] Meeting Time: [Fill in the lab meeting time] TA: [Fill in the lab TA’s name] INTRODUCTION In this experiment I calculated the equilibrium constant for the reaction shown below under different conditions to determine if the equilibrium constant is really constant. Fe3+ (aq) + SCN– (aq) ←→ FeSCN2+ (aq) A big part of this lab includes understanding (and in the end proving) that absorbance is directly proportional to the concentration
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Question: Was $500 the equilibrium market price last year? According to the given information‚ I think there are two possible situations: Situation1. $500 was the equilibrium price. Since the seats in the coliseum cannot be changed‚ so that the supply of the tickets is perfectly inelastic. Thus the supply curve shall be vertical. Here is the demand curve and supply curve of these two years. Last year‚ $500 was the equilibrium price‚ the market was at the equilibrium point. Besides‚ 36‚000
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Strayer University ECO 550 Week 1 Homework Chapter 1 2. A principal-agent relationships involves the owners (principals) delegating decision-making authority to managers (agents). A conflict occurs when the agents pursue acceptable levels of shareholder wealth and profit rather than a maximization of profit. They are pursuing their own self-interests. One way that the agents act in their own self-interests would be by focusing on long-term job security. This could cause the agents to limit
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Econ 101: Principles of Microeconomics Chapter 15 - Oligopoly Fall 2010 Herriges (ISU) Ch. 15 Oligopoly Fall 2010 1 / 25 Outline 1 Understanding Oligopolies 2 Game Theory The Prisoner’s Dilemma Overcoming the Prisoner’s Dilemma 3 Antitrust Policy Herriges (ISU) Ch. 15 Oligopoly Fall 2010 2 / 25 The Oligopoly Monopolies are quiet rare‚ in part due to regulatory efforts to discourage them. However‚ there are many markets that are dominated by a relatively
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Out of the two books “1984” and “Brave New World” my option that I chose that we should read for class‚ is 1984. 1984 takes place in Oceania‚ the total superpower in post-World War II. Winston lives in airstrip one‚ which rules Oceania under the principles of Ingsoc. The party consists of Inner Party members‚ who are the ruling elite‚ and regular Party members‚ who are citizens of Oceania. Outside of the Party are the proles‚ non-Party members and simple people who live in poverty and are free from
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coordination failure is when economic agents do not properly coordinate their choice which then leads to an equilibrium outcome that leaves agents worse off. The alternative situation would be a more optimal equilibrium outcome however since agents do not coordinate their behaviour‚ they settle at the suboptimal equilibrium. It may be the case that agents are aware of the preferred equilibrium but there are difficulties reaching this because of coordination. Adam Smith said “The division of labour
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disequilibrium of greed portrayed in Kino’s imaginary story indicated that equilibrium is not only necessary at the lowers of social status‚ but also required in the economy and global market today. Jamie Woodwell‚ in her article about mortgage banking‚ titled‚ A Detour to Dis-Equilibrium‚ speaks about the global market saying‚ “When a shock hits a market— a dramatic shift in supply or demand— the market moves to dis-equilibrium. When that happens buyers and sellers cannot come to terms‚ the market slows
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you to game theory to understand papers that use it‚ and o develop game-theoretical models yourselves • the focus is on solution concepts o theory o exercises o a few applications o Crombez: Applied Game Theory. 4 Contents • Basic equilibrium concepts Nash equilibria o Subgame perfection o Sequential equilibria • Applications o Bargaining o Entry deterrence o Repeated games o Crombez: Applied Game Theory. 5 Practicalities • Five meetings • Text Book: Kreps‚ A Course in Microeconomic
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1984 Study Questions Part One: Pages 1-48 and Pages 48-104 1984 Chapters 1.1-1.4 (pp. 1-48) 1. What is the effect of the juxtaposition at the beginning of this section? 2. What is the effect of the syntax in Winston’s journal entry for April 4th‚ 1984? 3. How is the Junior Anti-Sex League sash an example of paradox? 4. What is the rhetorical effect of the word voluptuously on page 18? 5. What is the rhetorical effect of the physical description of Mrs. Parsons
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