Under reasonable pressure and temperature, nitrogen and oxygen have the same compressibility as air.
Compression is adiabatic quite accurately, so it
would follow PV
γ=constant, where γ is the ratio of specific heat at constant pressure versus constant volume, or 1.40=7/5 for diatomic molecules that vibrate little. Better figures at
http://www.engineeringtoolbox.com/specific-heat-ratio-d_608.htmlhttp://en.wikipedia.org/wiki/Compressibility_factoronly the figure after 1.40 changes. In other words: picking only one constituent of air, a difficult operation, wouldn't improve the thermodynamic behaviour - unless you go for argon...
PV
γ=constant
PV/T=constant
γ=Cp/Cv (the specific heats)
combine into
P varies as T
Cp/γV varies inversely as T
Cv/γwhere
Cp/γ=3.5
Cv/γ=2.5
for air, nitrogen, oxygen under usual conditions.
Though, pumps have a limited efficiency. The "isentropic efficiency" tells how big the temperature variation is, as compared to what would be expected from the pressure ratio. Example:
Start from 300K 1atm
Compression to 1.55atm, perfectly efficient adiabatic, would have brought air to 340K, a 40K increase
But a good 80% efficient pump increases T by 50K, to 350K.
The pump consumes mechanical power for 50K and achieves the pressure ratio of 40K only.
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Cooling by a nozzle is complicated and doesn't relate with isentropic nor isothermal cases, alas. Keep away from simplistic textbooks. I know no simple way to evaluate it.
If all the speed gained in the nozzle were converted to heat, the air would have the same temperature as before the expansion (some imperfect gases would cool through this process, because they behave a bit like a liquid that evaporates by expansion; not the case with air at 1atm) (other imperfect gases would heat). That would bring no benefit.
A trick is that the expanded air is cold before it brakes, so you can and do obtain a cooling effect where the air has still a high speed. It is possible, but difficult, to have a heat exchanger that operates on high-speed air and doesn't brake it much. The air that passes the exchanger and then brakes is warm and should be dumped outside. Not easy.
An other trick is to separate air into warm and cold flux in a whirl. There you do get one flux of cold air that, even after braking, is still cooler than the compressed air.
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Compressing and expanding a gas only looks simple, it's not. Because obtaining cold from an expansion is difficult, fridges and air conditioners use cycles less simple but practical, like the dissolution of ammonia in water, which also means more heat and cold from the same pumped volume.
By the way, if you make a decent air conditioner without ammonia, just propose it for the international space station. I can't grasp why they put a toxic gas in a confined environment.