Fall 2013 ECO 2306 – Principles of Microeconomics Homework 4 Answer Key Part I: True/False and Multiple Choice 1. In equilibrium in the strawberry market‚ strawberries sell for $1.50 a quart. If the government institutes a price floor of $1 per quart of strawberries‚ the result will be a surplus of strawberries. a. The preceding statement is TRUE. b. The preceding statement is FALSE. 2. A price ceiling will lead to deadweight loss as a result of overproduction of the good at the higher ceiling
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Reaction (PCR) and run on an agarose gel to detect the presence or absence of a transposable element known as an Alu element. The main purpose of this experiment was to use our class as a population‚ to test whether or not we were in Hardy-Weinberg Equilibrium. The Hardy Weinberg Law states that “in a large‚ random-mating population‚ the proportion of dominant and recessive genes present tends to remain constant from generation to generation unless outside forces act to change it” (Hardy-Weinberg law)
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Experiment No. 2: Dynamic Equilibrium and Le Chatelier’s Principle December 1‚ 2011 Final Formal Results Le Chatelier’s Principle states that “when a stress is applied to a chemical system at equilibrium‚ the equilibrium shifts in a direction that reduces the effect of stress” (Gross‚ Abenojar‚ and Tan 23). Moreover‚ it helps us “predict the direction of the shift of the equilibrium” (Silberberg 745). Silberberg also stated that there are three kinds of disturbances - concentration‚
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Unit 11: Kinetics and Equilibrium Activated complex: an intermediate state that is formed during the conversion of reactants into products‚ the structure that results at the maximum energy point along the reaction path. Activation energy: a chemical reaction is the difference between the energy of the activated complex and the energy of the reactants. Catalyst: substance that increases the rate of a chemical reaction by reducing the activation energy‚ but which is left unchanged by the reaction
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Economic Sciences and Abel Prize for his work on partial differentiation. Nash Equilibrium is a game theory concept‚ so the general idea about this was it applies to games. Economists had other ideas
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Chapter 8 - Group Process THIS CHAPTER WILL DISCUSS: 1. What group discussion "functions" are. 2. How interactional researchers study group process. 3. Whether group process relates to group output. 4. Whether group discussion consists of a series of sequential states. INTRODUCTION In Chapter 1 we examined the concept of "perspectives." As we explained‚ scientists approach an object they wish to study with a particular viewpoint‚ or perspective. Each perspective suggests distinct questions
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The Equilibrium Constant of an Ester Hydrolysis Reaction Jesus Flores March 30th‚ 2015 Abstract: This experiment was conducted in order to discover the Kc‚ equilibrium constant‚ of a hydrolysis reaction of an unknown ester #2‚ unknown acid‚ and alcohol #2 products. The first week consisted of creating the reaction mixtures in bottles‚ next was preparing a NaOH solution while neutralizing with KHP. The final week consisted of titrating the bottles with the NaOH solution prepared previously
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OFFICE POLITICS AND WHEN TO APPLY THEM Office politics is the use of one’s behavior or assigned power within an employing organization for the purpose of obtaining advantages beyond one’s legitimate authority. These advantages may include access to tangible assets‚ or intangible benefits such as status or pseudo-authority that influence the behavior of others. Both individuals and groups may engage in office politics has also been described as “simply how power gets worked out on a practical day-to-day
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INDIVIDUALS A group can range in size from two members to thousands of members. Very small collectives‚ such as dyads (two members) and triads (three members) are groups‚ but so are very large collections of people‚ such as mobs‚ crowds‚ and congregations (Simmel‚ 1902). On average‚ however‚ most groups tend to be relatively small in size‚ ranging from two to seven members. One researcher ( J. James‚ 1953)‚ after counting the number of people in 7405 informal‚ spontaneously formed groups found in
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relationships because it was these which evolved as individuals and groups struggled to maximise their benefits. Marx believed that control in society was held by elite and economically-powerful groups who maintained social order for as long as it suited their own interests. However‚ this social dominance would eventually lead to a crisis point where the "exploited" (the working class) would challenge the "exploiting" (the elite groups) and the existing social order. It is at this point that conflict
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