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A Solution Is Prepared by Dissolving 7

question 17

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A solution is prepared by dissolving 7.00 g of glycerin (C3H8O3) in 201 g of ethanol (C2H5OH) . The freezing point of the solution is °C. The freezing point of pure ethanol is - 114.6 °C at 1 atm. The molal- freezing- point- depression constant (Kf) for ethanol is 1.99 ° C/m. The molar masses of glycerin and of ethanol are 92.1 g/mol and 46.1 g/mol, respectively.

Evaluate the effects of externalities on the efficiency of the market outcomes.
Identify and justify the use of taxes or subsidies to achieve social optimum.
Analyze the impact of externalities on private and social costs and benefits.
Explain the concept of market equilibrium and how it is affected by externalities.

Definitions:

Price Of Product

The monetary value assigned to a good or service that consumers are required to pay to acquire it.

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price level in a specific time period.

Midpoint Formula

A method used in geometry to determine the exact center point between two defined points on a line segment.

Price Elasticity Of Demand

An analysis of how variations in the price of a product affect its demand.

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