Office Use Only | | | | | | | | | | | | Monash University Semester Two Examination Period 2010 Faculty Of Science EXAM CODES: CHM1022 TITLE OF PAPER: CHEMISTRY EXAM DURATION: 3 hours writing time READING
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you can find the equilibrium price. This is useful when you want to satisfy you and your customers. 5. There are some factors which affects supply and demand. This are: TRIBE (Tastes and preferences‚ Related good and income‚ Income‚ Buyers number‚ Exaptation of price) and ROTTEN (Resource‚ Other goods‚ Taxes subsides and government regulation‚ Technology‚ Expatiation of price‚ Number of firms in the industry). 6. Equilibrium price helps the seller to find the good price. (Equilibrium price is the intercept
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OLIGOPOLY AND MONOPOLISTIC COMPETITION Up to now‚ we have covered two extreme types of markets. We covered perfect competition with the highest degree of competition‚ then we covered monopoly with the lowest degree of competition. Now‚ we will cover oligopoly and monopolistic competition. These two market types are in between two extremes: they show some features of competition and some features of monopoly. Oligopoly Definition: Oligopoly is a market structure in which there are a few sellers
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hour. A. Algebraically determine the market equilibrium price/output combination. B. Use a graph to confirm your answer. For the graph‚ use prices: 10‚ 20‚30‚40‚50‚60‚70‚80‚90; and Quantities:5‚10‚15‚20‚25‚30‚35‚40‚45‚50‚55‚60‚65 Answer Part A‚ at the equilibrium point‚ QD=QS 80-2P=2P-20 4P=100 P=25 this is the equilibrium price QD (at P=25) = 80-(2*25) = 30 QS (at P=25) = (2*25)-20 = 30 Equilibrium Price =$25 per hour Equilibrium Quantity=30 thousands of hours of floor reconditioning
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the same good. Price taking occurs only in perfectly competitive markets. Therefore‚ identical goods sold at higher prices‚ by one firm will be above the equilibrium demand for goods‚ which means that the firm which raises price won ’t be able to sell any of their goods. In the stock market nobody has the ability to change the market equilibrium price based on their own behavior. This means that there must be many buyers and many sellers. Everybody is a price-taker‚ which means that they must accept
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keep it simple science Ryde Secondary College‚ SL#710371 INDUSTRIAL CHEMISTRY What is this topic about? To keep it as simple as possible‚ (K.I.S.S.) this topic involves the study of: 1. THE CHEMICAL INDUSTRY 2. CHEMICAL EQUILIBRIUM 3. PRODUCTION OF SULFURIC ACID 4. PRODUCTION OF SODIUM HYDROXIDE 5. SOAP & DETERGENTS 6. THE SOLVAY PROCESS FOR Na2CO3 ...all in the context of the applications of Chemistry in human society. 1. THE CHEMICAL INDUSTRY The “Invisible” Industry Most people are familiar
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of dissolved ions and undissolved ions of a precipitate at equilibrium. This can also be expressed using the rate law equation. For example ‚ the solubility product of calcium hydroxide can be written as‚ Ksp = [Ca2+] [OH-]2 (1) This chemical system is in a dynamic equilibrium between solute and solvent particles in a saturated solution
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Objectives * To determine the equilibrium constant for a given reaction * To understand the concept of Le Chatelier’s Principle * To gain experience in the use of a UV Spectrophotometer Background/Concepts * A chemical equilibrium is the state reached by a reaction mixture when the forward reaction and the reverse reaction occur at equal rate‚ resulting in constant values for the concentrations of the reactants and products. * The equilibrium constant Kc for a reversible reaction
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Edexcel A2 Chemistry Questions and Answers Contents Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Unit 4 Rates‚ equilibria and further organic chemistry Multiple-choice questions ..............................................................................7 Structured questions . . . . . . . . . . . .
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Phase Equilibrium: Fugacity and Equilibrium Calculations (FEC) Phase Equilibrium: Fugacity and Equilibrium Calculations • • • • • • • ◦ ◦ • • Relate the fugacity and the chemical potential (or the partial molar Gibbs free energy) Use the fugacity coefficient to calculate the vapor phase fugacity Use the activity coefficient to calculate the liquid (or solid) phase fugacity Identify conditions when a liquid or solid mixture would form an ideal solution Explain when Lewis-Randall
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