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The production-possibility frontier can be constructed from the contract curve in an Edgeworth production box diagram of factor intensity. [12] The example used above (which demonstrates increasing opportunity costs, with a curve concave to the origin) is the most common form of PPF. [ 13 ]
For a reversible reaction, the equilibrium constant can be measured at a variety of temperatures. This data can be plotted on a graph with ln K eq on the y-axis and 1 / T on the x axis. The data should have a linear relationship, the equation for which can be found by fitting the data using the linear form of the Van 't Hoff equation
A, however, is inside of the PPF and represents a combination of output that is not utilizing all available resources. In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods.
(This can be obtained by setting F = 0 in their respective PPF equations and summing them up). Here the slope of the joint PPF is −1/2. Here the slope of the joint PPF is −1/2. If we want more fish, we should shift that person who has a comparative advantage in fish hunting (i.e. Friday) out of coconut gathering and into fish hunting.
Trade equilibrium: both countries consume the same (=), especially beyond their own Production–possibility frontier; production and consumption points are divergent. The Heckscher–Ohlin model ( /hɛkʃr ʊˈliːn/ , H–O model ) is a general equilibrium mathematical model of international trade , developed by Eli Heckscher and Bertil Ohlin ...
A frigorific mixture is a mixture of two or more phases in a chemical system that, so long as none of the phases are completely consumed during equilibration, reaches an equilibrium temperature that is independent of the starting temperature of the phases before they are mixed. The equilibrium temperature is also independent of the quantities ...
Rates of reaction can be studied by examining activated complexes near the saddle point of a potential energy surface. The details of how these complexes are formed are not important. The saddle point itself is called the transition state. The activated complexes are in a special equilibrium (quasi-equilibrium) with the reactant molecules.
The reversible reaction N 2 O 4 (g) ⇌ 2NO 2 (g) is endothermic, so the equilibrium position can be shifted by changing the temperature. When heat is added and the temperature increases, the reaction shifts to the right and the flask turns reddish brown due to an increase in NO 2. This demonstrates Le Chatelier's principle: the equilibrium ...