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An insulated vertical piston-cylinder device initially contains 0.8 m3 of refrigerant-134a at 1.4 MPa and 120°C. A linear spring at this point applies full force to the piston. A valve connected to the cylinder is now opened, and refrigerant is allowed to escape. The spring unwinds as the piston moves down, and the pressure and volume drop to 0.7 MPa and 0.5 m3 at the end of the process. Determine
(a) the amount of refrigerant that has escaped and
(b) the final temperature of the refrigerant.
Is the theoretically predicted relationship of the real exchange rate and net exports visible in the figures?
A local video store estimates their average customer's demand per year is Q = 7 -2P, and knows the marginal cost of each rental is $0.5. How much should the store charge for each rental if it engages in optimal two part pricing
Suppose a 10-year bond is to be issued at par, so its price is equal to its $100 face value. Suppose also that the prevailing rate of interest on the bond is 10 percent. How big would the bond's coupon have to be to induce people to hold it?
Describe the type of data you would collect
These fishing methods are illegal for U.S. tuna fishers. Is this trade restriction efficient? Is it equitable?
The arrival of a new budget airline on the scene.
Consider a model of the influence of the average number of cigarettes the mother smoked per day during pregnancy on infant birth weight. The following simple regression model was estimated with data on n = 1388 births.
If the CPI was 110 last year and is 121 this year, what is this year's rate of inflation In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year's rate of inflation What term do economists use to describe this s..
Suppose that because of a technological breakthrough a firm that uses labor and capital to produce its output is able to double its production for any given amounts of inputs. What happens to the firm's MRTS at any given input combination?
An interesting application of supply and demand to addictive substances compares alternative techniques for supply restriction. For this problem, assume that the demand for addictive substances is inelastic.
Will the combination of subsidies to machines and subsidies to research be better than either of these two policies by themselves?
The owner of a small car-rental service is trying to decide on the appropriate numbers of vehicles and mechanics to use in the business for the current level of operations. He recognizes that his choice represents a trade-off between the two resou..
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