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  2. Non-random two-liquid model - Wikipedia

    en.wikipedia.org/wiki/Non-random_two-liquid_model

    VLE of the mixture of chloroform and methanol plus NRTL fit and extrapolation to different pressures. The non-random two-liquid model [1] (abbreviated NRTL model) is an activity coefficient model introduced by Renon and Prausnitz in 1968 that correlates the activity coefficients of a compound with its mole fractions in the liquid phase concerned.

  3. RICE chart - Wikipedia

    en.wikipedia.org/wiki/RICE_chart

    An ICE table or RICE box or RICE chart is a tabular system of keeping track of changing concentrations in an equilibrium reaction. ICE stands for initial, change, equilibrium. It is used in chemistry to keep track of the changes in amount of substance of the reactants and also organize a set of conditions that one wants to solve with. [1]

  4. IS–LM model - Wikipedia

    en.wikipedia.org/wiki/IS–LM_model

    Starting from one point on the aggregate demand curve, at a particular price level and a quantity of aggregate demand implied by the IS–LM model for that price level, if one considers a higher potential price level, in the IS–LM model the real money supply M/P will be lower and hence the LM curve will be shifted higher, leading to lower ...

  5. Equilibrium level - Wikipedia

    en.wikipedia.org/wiki/Equilibrium_level

    In meteorology, the equilibrium level (EL), or level of neutral buoyancy (LNB), or limit of convection (LOC), is the height at which a rising parcel of air is at the same temperature as its environment. Diagram showing an air parcel path when raised along B-C-E compared to the surrounding air mass Temperature (T) and humidity (Tw)

  6. Break-even point - Wikipedia

    en.wikipedia.org/wiki/Break-even_point

    The main purpose of break-even analysis is to determine the minimum output that must be exceeded for a business to profit. It also is a rough indicator of the earnings impact of a marketing activity. A firm can analyze ideal output levels to be knowledgeable on the amount of sales and revenue that would meet and surpass the break-even point.

  7. Input–output model - Wikipedia

    en.wikipedia.org/wiki/Input–output_model

    The structure of the input–output model has been incorporated into national accounting in many developed countries, and as such can be used to calculate important measures such as national GDP. Input–output economics has been used to study regional economies within a nation, and as a tool for national and regional economic planning.

  8. Dynamic stochastic general equilibrium - Wikipedia

    en.wikipedia.org/wiki/Dynamic_stochastic_general...

    This is opposed to a partial equilibrium, where price levels are taken as given and only output levels are determined within the model economy. Equilibrium: In accordance with Léon Walras's General Competitive Equilibrium Theory, the model captures the interaction between policy actions and behaviour of agents. [6]

  9. AD–AS model - Wikipedia

    en.wikipedia.org/wiki/AD–AS_model

    The AD (aggregate demand) curve in the static AD–AS model is downward sloping, reflecting a negative correlation between output and the price level on the demand side. It shows the combinations of the price level and level of the output at which the goods and assets markets are simultaneously in equilibrium.