Any consumer trying to decide whether to buy a given good or service will base the decision on his or her reservation price and the existing market price. When making this decision, the buyer's reservation price measures the

multiple choice 1
marginal cost: the cost of production
marginal benefit: what the buyer is willing to pay
marginal cost: the lowest amount the buyer is willing to pay
marginal benefit: the value of the resources used in production

If you were designing a bumper for a car, would you prefer it to exhibit elastic or plastic deformation? why? consider the functions of a bumper in both a minor "fender-bender" and a major collision.

The flow rate of air through a through a pipe is 0.02 m5/s. a pitot static tube is placed in the flow. the radius of the pitot static tube is 1 mm. assuming the flow to be steady and the air to be at 300k, calculate the difference in total and static pressure if the diameter of the pipe is: (a) d 0.1 m d 0.05 m (c) d 0.01 m

Refrigerant-134a enters the compressor of a refrigerator as superheated vapor at 0.14 mpa and -10°c at a rate of 0.05 ka/s and leaves at 0.8 mpa and 50°c. the refrigerant is cooied in the condenser to 0.72 mpa and 26'c. it is then throttled to 0.15 mpa. sketch the t-s diagram for the system and evaluate: 6) the rate of heat removai from the refrigerated space (kw), it) the power input to the compressor (kw), ii) the isentropic efficiency of the compressor (%), and iv) the cop of the refrigerator.