price above the equilibrium price reduces social welfare In a free market demand and supply alone determine the price. This means that quantity of demand and quantity of supply equate at this point is where the price is set which is therefore called equilibrium price. (Griffiths‚ 2011) Figure 1 illustrates where supply and demand intersect‚ this being the Equilibrium price and Quantity
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One disadvantage is the concept of this low cost lightweight laptop has a lack of awareness of how the laptop would educate children and market problem. OLPC’s mission is to help children for learning and developing knowledge throughout the low cost laptop and it calls an education project (LOPC mission). The point is that OLPC needs to educate foreign countries and their governments of education about the feature of this laptop works‚ and most importantly‚ what are the key essential techniques of
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The metaphor of red and blue oceans describes the market universe. Red Oceans are all the industries in existence today—the known market space. In the red oceans‚ industry boundaries are defined and accepted‚ and the competitive rules of the game are known. Here companies try to outperform their rivals to grab a greater share of product or service demand. As the market space gets crowded‚ prospects for profits and growth are reduced. Products become commodities or niche‚ and cutthroat competition
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The role that location plays in SRI is also embodied in Silicon Valley’s combined effect. Dozen’s of global IT giants and countless small or medium high-tech companies gather here. In addition to the economic agglomeration‚ cultural agglomeration and talents agglomeration‚ agglomeration effect also exists in the knowledge management. Through this effect‚ we can take full use of the dissemination and sharing of knowledge to a large extent. On top of that‚ Silicon Valley has become a synonym for
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Results Figure 1 shows that the response of the tissue increased with bath concentration of ACh (M). The logarithms of bath concentration for each response were used to form a clear sigmoidal formation‚ and thus depict a more clear relationship between concentration and response. Figure 1 shows the increasing rate of response as bath concentration increased‚ before plateauing around the highest concentrations. Responses ranged from 0.685-100%‚ while bath concentrations of ACh ranged from 2 x 10-10
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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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CONDITION OF EQUILIBRIUM IBAÑEZ‚ Jonen Lery L. OBJECTIVE A torque is an influence‚ which tends to change the rotational motion of an object. One way to quantify a torque is force applied times the lever arm. In this experiment we consider the systems in equilibrium and its applications and how the forces acting on the system affect torque. To serve as a guide there are objectives set in performing this experiment. First objective is by the second condition applied to the systems of equilibrium and the
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Experiment 4 Guide Questions for Discussion Iron-Silver Equilibrium 1. Give the balanced net ionic equation for the reaction between Fe2+ and Ag+. What is the chemical formula of the gray precipitate? Answer: Fe2+(aq) + Ag+ (aq) Fe3+(aq) + Ag (s) The formula of the precipitate is Ag(s). 2. Give the balanced net ionic equation for the reaction of Fe2+ with Fe(CN)63-. a. What is the chemical formula of the Prussian blue precipitate? b. How does
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Visayas State University Name: Almera P. Padolina Course & Year: BS Chem 2 Date Performed: July 24‚ 2012 Date Submitted: August 6‚ 2012 Experiment No. 4 Solubility Equilibrium- Common Ion Effect INTRODUCTION: The common ion effect is another example of Le Châtelier ’s Principle in action.The common ion effect tells us that the solubility of an ionic compound is decreased by the addition to the solution of another ionic
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|68 |62 |55 |50 |45 |38 | (a) What are the equilibrium price and quantity? (b) What will be the effect of the government fixing a minimum price of (i) £3.00 per kilo; (ii) £1.50 per kilo? (c) Suppose that the government paid tomato producers a subsidy of £1.00 per kilo. (i) Give the new supply schedule. (ii) What will be the new equilibrium price? (iii) How much will this cost the government? (d) Alternatively‚ suppose
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