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Question: You find out that the EPA is planning to limit the availability of the refrigerant used in the Bama Pie refrigeration heat exchanger you have been working on, so you need to replace it. One potential replacement is to use a particular heat transfer fluid inside the tubes (0.7-cm-insidediameter). Determine the mass flow rate of the fluid required to replace the refrigerant, while still achieving the same amount of cooling (in Watts). The heat transfer fluid enters the tubes at a temperature of -22.5°C and leaves at a temperature of -17.5°C. Follow the same assumptions regarding the air temperature as used in the previous problem.
Assume that the conductive resistance of the tubing is negligible. Assume that the surface area of the inside of the tubes is equivalent to the surface area on the outside of the tubes. The tube inlets are equipped with 'turbulators' that ensure the flow through the tube is turbulent, even at low Reynolds numbers. Use the following property values for the heat transfer fluid: μ=0.004 Pa⋅s;ρ=1069 kg/m3;Pr =80.8; and k=0.347 W/m⋅K; the specific heat of this heat transfer fluid is UNKNOWN. If you did not get a final answer for the previous question, use: hi?=175 W/m2⋅K and Q??=9500 W.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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