1) Effect of Increase of Non-Labour Income in Desired Working Hours Assuming that the individual has zero non-labour income and faces the income budget line of JZ‚ the individual would choose point A as the ‘optimal’ utility-maximizing point as it is the highest attainable indifference curve(tangent to the income budget line or MRS = |w/p|). At this point A‚ the individual will work Ls1 hours‚ enjoy La leisure hours and enjoy an income of Ca. Assuming the individual has attained a source of non-labour
Premium Consumer theory Supply and demand Wage
CHM 096 TUTORIAL 2 (Chemical Equilibrium) Jan 2013 1. Write the equilibrium constant expression‚ Kc‚ for each of the following reactions: a) b) c) d) e) f) 2NO(g) + O2(g) ⇄ 2NO2(g) The decomposition of solid potassium chlorate to solid potassium chloride and oxygen gas. 4HCl(g) + O2(g) ⇄ 2H2O(g) + 2Cl2(g) 2NO2(g) + 7H2(g) ⇄ 4H2O(l) + 2NH3(g) H2O(g) + C(s) ⇄ CO(g) + H2(g) The reduction of solid copper (II) oxide with hydrogen gas to produce copper metal and water at o 500 C. 2H2(g) + O2(g)
Premium Chemical equilibrium
Determination of Equilibrium Constants Introduction Bromothymol blue is an indicator for many acid-base titrations. When adding different solutions within the indicator it is to react and change colors‚ in this experiment the different colors were blue‚ green‚ and yellow. In the following experiment‚ obtaining the absorbance levels for each one makes it possible to calculate the equilibrium constant. Materials and Methods For this specific experiment there are a few materials that are crucial
Premium Acid dissociation constant PH
When estimating the effect of changes in the money supply to changes in nominal GDP‚ it is common to assume that the velocity of money is constant. The velocity of money is a measure of average number of times per year that a dollar is exchanged. The quantity theory of money states that the money supply multiplied by the velocity of money is equal to the price level multiplied by output. ( ) Price level multiplied by output is the nominal output. Therefore‚ a percent change in the money
Premium Economics Inflation Money supply
Chapter 2: Stress: The Constant Challenge DEFINITIONS stress response The physiological changes associated with stress. stress The collective physiological and emotional responses to any stimulus that disturbs an individual’s homeostasis. autonomic nervous system The branch of the peripheral nervous system that‚ largely without conscious thought‚ controls basic body processes; consists of the sympathetic and parasympathetic divisions. parasympathetic division A division of the autonomic
Free Sympathetic nervous system Autonomic nervous system Parasympathetic nervous system
Capital Structure Decisions: Which Factors Are Reliably Important? Murray Z. Frank and Vidhan K. Goyal∗ This paper examines the relative importance of many factors in the capital structure decisions of publicly traded American firms from 1950 to 2003. The most reliable factors for explaining market leverage are: median industry leverage (+ effect on leverage)‚ market-to-book assets ratio (−)‚ tangibility (+)‚ profits (−)‚ log of assets (+)‚ and expected inflation (+). In addition‚ we find
Premium Debt Corporate finance Balance sheet
when mixed with other gases. On a microscopic level‚ the molecules (or atoms) in a gas are separated by large distances and are in constant‚ random motion. When dealing with gases‚ the Ideal Gas Law equation is the most famous equation used to relate all the factors in dealing and solving the problem. The four factors or variables for gas are: pressure (P)‚ volume (V)‚ number of mole of gas (n)‚ and temperature (T)‚ and the constant in the equation is R‚ known as the gas constant. The Ideal Gas
Premium Ideal gas law Pressure Gas
Analysis of Working Capital Management Results Across Industries Greg Filbeck‚ Schweser Study Program Thomas M. Krueger‚ University of Wisconsin-La Crosse Introduction The importance of efficient working capital management (WCM) is indisputable. Working capital is the difference between resources in cash or readily convertible into cash (Current Assets) and organizational commitments for which cash will soon be required (Current Liabilities). The objective of working capital management is
Premium Cash conversion cycle Inventory Balance sheet
professional boundaries and how to work with other professionals who support learners (Part 2) It is important to maintain professional boundaries by knowing where your role as a teacher or trainer stops. Knowing your limits‚ which may be set out by school/college policies‚ as well as government legislation will assist you within your role as a teacher/trainer. Boundaries can usually be defined into Teacher-Learner and as well as working with other professionals. A Teacher must remain within
Premium Profession Sociology Professional
1. The sampling frequency of the following analog signal‚ s(t)=4 sin 150πt+2 cos 50πt should be‚ a) greater than 75Hz b) greater than 150Hz c) less than 150Hz d) greater than 50Hz 2. Which of the following signal is the example for deterministic signal? a) Step b) Ramp c) Exponential d) All of the above 3. For energy signals a) The energy will be finite and power will be infinite b) The energy will be finite and power will be zero c) The energy will be zero and power will be infinite d) Both energy
Premium Standard deviation Normal distribution Statistics