Embry-Riddle Aeronautical University

PHYS 102 MODULE 4 FIRST SUMMATIVE EXAM 2022. PHYS 102 MODULE 4 FIRST SUMMATIVE EXAM 2022

What is the most important law applicable to the study of electricity? - Ohm's Law What are the elements of Ohm's Law? - Voltage, Current & Resistance What are four sources of electrical power? - Mechanical, chemical, photoelectric and thermal What does an electrical circuit consist of? - 1. a source of electrical pressure 2. resistance 3. conductors What represents capacitance in an AC circuit? - a capacitor What is the function of a capacitor? - to store electricity What is the unit...

1. Joshua’s income increases, while federal taxes increase; therefore, please illustrate by constructing a supply and demand graph, the direction in which the curves will shift and state the new equilibrium price and quantity; for example, state whether price and quantity increased, decreased, or are indeterminate. Please explain your rationale based on the determinants of demand and supply. With an increase in Joshua’s income, his demand will also increase causing the demand curve to ...

2. The demand curve facing a price-taking firm Vesoro is one of more than a hundred competitive price-taking firms in Detroit that produce extra-large cardboard boxes for moving. The following graph shows the daily market demand and supply curves facing the extra-large cardboard box industry

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1. Scenario 1 (Joshua) In Joshua’s case, with an increase in his income, his quality of life will improve and normally his demands of goods will be on the increase which will definitely increase the quantity of goods demanded. This scenario will shift his demand curve to the right to represent his demand of goods. With subsequent increase in federal tax, Joshua’s income will be affected and his demands will decrease which will decrease the quantity of goods, thus the demand curve will ...