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Molecular Energies, Translational, rational and vibration components of the energy of the molecules of a gas can be recognized.
A molecule is a collection of atoms held in a particular spartial arrangement by chemical bonds. For many purposes you can think of a molecule as a ball-and spring system, with each atom being represented by a ball and each chemical bond by a spring. How do we describe the energy of such a system?Think of having an actual ball-and spring system to toss around. You would likely describe the energy of the system in terms of three types of motion:Translation, consisting of the motion of the molecular center of the mass of the system. Rotation, consisting of the motions in which the system turns about one or more of the axes through the center of mass of the system.Vibration, in which the balls of the system oscillate about the "equilibrium" positions that correspond to the shape or structure of the system.
Risk Aversion and Income - Variability in potential payoffs increases risk premium. - Example: A job has a .5% probability of paying $40,000 (utility of 20) and a 5 p
Money: Broadly speaking, money is anything which can be used as a means of payment (for instance, to settle a debt). It includes bank deposits, actual currency, credit cards and li
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Formal and Informal systems - MRP System Most production systems are full of 'pushes' and 'pulls'. The formal system issues orders, ie 'pushes'. The informal system tries to
How Airlines solve the perishability of unsold seats and what they do to their prices as the seats get close to perish?
Explain crowding out and why it may be considered important for policy makers. Crowding out refers to how enhanced government borrowing (real borrowing!) might serve to raise i
explain the nature and scope of economics.
determinants of demand and determinants of supply
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?
Economic Reforms and Industrial Growth Economic reforms were mainly intended to remove obstacles so that investment in industry may be accelerated. With this end in view, indu
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