CHEMICAL EQUILIBRIUM Reversible reactions and dynamic equilibrium Ammonia (NH3) is an important industrial chemical that is used in the manufacture of fertilisers. It is manufactured by reacting hydrogen with nitrogen. The reaction is said to be reversible and the conversion of reactants to products is never complete. N2 + 3H2 2NH3 A reversible reaction is a reaction which can take place in either direction When the concentrations of the reactants and product have become constant‚ a
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07.04 Equilibrium: Lab Report Equilibrium Lab Report Data and Observations: Part I ROUND CANDIES ON R SIDE CANDIES ON P SIDE 0 40 0 1 20 20 2 15 25 3 14 26 4 14 26 5 14 26 6 14 26 7 14 26 8 14 26 9 14 26 10 14 26 Ratio = 0.7 Part II ROUND CANDIES ON R SIDE CANDIES ON P SIDE 0 20 20 1 5 10 2 2.5 2.5 3 0.6 1.5 4 0.3 0.3 5 0.8 0.15 6 0.04 0.4 7 0.1 0.02 8 0.005
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In this game‚ there are two pure strategy Nash equilibrium‚ (2‚1) and (1‚2). Thus‚ Firm 1 prefers the equilibrium (2‚1) more than any other strategy profile and Firm 2 prefers (1‚2) to all others. | | Firm 2 | | | Beta | VHS | Firm 1 | Beta | (2‚ 1) | (0‚ 0) | | VHS | (0‚ 0) | (1‚ 2) | The source of conflict could be described as below: every player preferred one equilibrium over the other‚ but both would rather be at either equilibrium than to be mal-coordinated or uncoordinated
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fall of John Forbes Nash‚ the celebrated Nobel Prize winner and mathematician‚ as he battled the debilitating effects of schizophrenia to eventually attain international acclaim. Schizophrenia is characterized by a broad range of unusual behaviors that cause profound disruption in the lives of people suffering from the condition‚ as well as in the lives of the people around them. Schizophrenia strikes without regard to gender‚ race‚ social class or culture. (Bengston‚ 2012) John Nash had to go through
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Market Equilibrium June 24‚ 2010 Market Equilibrium In this paper the concept of market equilibrium process will be explained and also it will explicate the real word experience relate to equilibrium. Demand and supply are the tools which can help us for better understanding of how individual markets work. With understanding of demand and supply‚ we can show how the decisions of buyers of goods or services interact with the decisions of sellers to determine the equilibrium (McConnell‚
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Tragedy of the Commons‚ Nash Equilibrium‚ Cows‚ and Climate Change ’" ’The Prisoners ’ Dilemma‚ Tragedy of the Commons‚ Nash Equilibrium‚ Cows‚ and Climate Change ’ N.p.‚ n.d. Web. 16 Oct. 2012. <http://www.cccep.ac.uk/Events/Past/2011/Feb/prisoners-dilemma-climate-change.aspx>. 7- "Zero Sum Game." The Free Dictionary. Farlex‚ n.d. Web. 16 Oct. 2012. <http://www.thefreedictionary.com/Zero sum game>. 8- "A Wisdom Archive on Nash Equilibrium - Notes." Nash Equilibrium. N.p.‚ n.d. Web. 16 Oct
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Z00_REND1011_11_SE_MOD4 PP3.QXD 2/21/11 12:49 PM Page M4-1 MODULE 4 Game Theory LEARNING OBJECTIVES After completing this supplement‚ students will be able to: 1. Understand the principles of zero-sum‚ two-person games. 2. Analyze pure strategy games and use dominance to reduce the size of a game. 3. Solve mixed strategy games when there is no saddle point. SUPPLEMENT OUTLINE M4.1 M4.2 M4.3 M4.4 M4.5 M4.6 Introduction Language of Games The Minimax Criterion
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Title: Study of Solubility Equilibrium Abstract The effect of temperature on the solubility product constant‚ Ksp‚ of potassium hydrogen tartrate in water was investigated in the temperature range of 285K to 318K at normal atmospheric pressure. It was found that the solubility of potassium hydrogen tartrate decreases with a decrease in temperature and consequently a smaller volume of sodium hydroxide is needed to neutralize it. The molar solubility of potassium hydrogen tartrate was calculated
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Experiment 5: Shifting Equilibrium A solution is in equilibrium when the rate of forward reaction and the rate of reverse reaction are equal. This equilibrium may be disturbed when the concentration of the reactants‚ the concentration of the products or the temperature is changed. If the process involves gases‚ a change in pressure can also affect the position of equilibrium. The concept behind this is Le Chatelier ’s Principle which states that when a system is disturbed through application
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this product is given by 396 — 4x2‚ construct the overall marginal cost and determine profit maximising output in each plant. Explain the basic tenets of Rawl’s theory of justice. Define ’Nash equilibrium’ and explain with the help of the game ’Prisoner’s Dilemma’. Provide an example of a game with multiple Nash equilibria. MEC-001 1 P.T.O. SECTION - B Attempt any four questions from this section : 5. 4x10=40 With Cobb - Douglas production functions‚ show that : the output elasticity with
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