Ethylene oxide as a vapor and water as liquid, both at 25°C and 101.33 kPa, react to form a liquid solution containing ethylene glycol (1,2-ethanediol) at the same conditions: ((CH2)2O + H2O → CH2OH.CH2OH If the initial molar ratio of ethylene oxide to water is 3.0, estimate the equilibrium conversion of ethylene oxide to ethylene glycol. At equilibrium the system consists of liquid and vapor in equilibrium, and the intensive state of the system is fixed by the specification of T and P. Therefore, one must first determine the phase compositions, independent of the ratio of reactants. These results may then be applied in the material-balance equations to find the equilibrium conversion. Choose as standard states for water and ethylene glycol the pure liquids at 1 bar and for ethylene oxide the pure ideal gas at 1 bar. Assume any water present in the liquid - phase has an activity coefficient of unity and that the vapor phase is an ideal gas. The partial pressure of ethylene oxide over t...
Question You have been granted a monopoly in the avocado market. The market demand for avocados is Q = 2000 – 2P. Your cost structure is such that your total costs are TC = 1000+ 400Q. (limit: whatever needed) What is your profit maximizing price and quantity? Explain this in words and show it graphically. What are the profit, producer surplus and consumer surplus? The government is thinking about breaking your monopoly into ten identical firms and giving ownership to 10 random people. Correspondingly, each firm would have a fixed cost of $1000 and a marginal production cost of $400 per unit. In this perfectly competitive environment, what would be the equilibrium price and quantity? Explain this in words and show it graphically. What are the profit per firm, producer surplus and consumer surplus that correspond to your answer to part d)? How much would you be willing to pay to keep the government from taking your monopoly away? Explain. check_circle Expert Answer thumb_up thumb_...
Answer & Explanation Verified Solved by verified expert Business Law Step-by-step explanation Identify key legal issues, the statutes and case law relied on, court reason (s) for the case judgement, and final outcome of the case Issue; the key legal issues in this case is whether IBGY Pty who is the defendant is liable for the repayment of the cost exceeding the value of the stock in trade or could as well reject such items upon selection. Another issue is as to whether there was charging of the stock at market value or rather at cost or below cost thereby amounting to $48,296.71 which the defendant was obliged to paying to the plaintiff. By the defendant assuming personal liability through the signing of the IOU which the plaintiff gave to the bank as a form of security for the loan rather than the company being liable for this debt is another legal issue. Rule; The ruling of this case was relied in other proceedings by the judges as according to Hutley J.A. who ruled that th...
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