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Shortest paths with turn penalties. Figure 4. 15(b) gives a road network in which all road segments are parallel to either the x-axis or the y-axis, The figure also gives the traversal costs of arcs. Suppose that we incur an additional cost (or penalty) of α units every time we make a left turn. Describe an algorithm for solving the shortest path problem with these turn penalties and apply it to the shortest path example in Figure 4.15(b). Assume that α = 5.
There are only two firms in the widget industry. The total demand for widgets is Q = 30 - 2P. The two firms have identical cost functions, TC = 3 + 10Q. The two firms act as though they were a monopoly. At what price and quantity will this cartel ..
The cost associated with maintaining rural highways follows a predictable pattern. There are usually no costs for the first three years, but maintenance is required for restriping, weed control, light replacement, shoulder repairs, etc. For one se..
Suppose that a natural monopoly is required to charge average total cost. On your diagram, label the price charged and the deadweight loss to society relative to marginal cost pricing.
A friend of yours just bought a new spots car with a $5,000 down payment, and her $30,000 car loan is financed at an interest rate of 0.75% per month for 48 months. After 2 years, the "blue book" value of her vehicle in the used-car mark..
A typical customer who buys from a firm has a demand given by P = 90 - 3 Q. The firm has a constant marginal cost MC = $18 and no fixed cost. It currently uses a uniform pricing strategy (i.e., it charges a single price for all the units it sells)..
A proposal for "100 percent banking" involves a reserve ratio of unity. Such a scheme has been proposed for the United States in order to enhance the Fed's control over the money supply.
At the end of 5 years, the compactor will be replaced by another identical compactor (Cynthia hopes to be so lucky.) Assuming that the City will own and operate a landfill for perpetuity and that they will need a compactor
Suppose that technophiles are willing to pay $400 now for the latest iphone, but only $300 if they have to wait a year. Normal people are willing to pay $250 and their desire to purchase doesn't vary with time. Ignore the time value of money
Should the government allow insurance companies to base life insurance rates on sex? What are the risks for women and for men who were paying very different rates? Who gains and who loses?
Describe the motivational practices used by the organization to promote better strategy execution. Include some illustrative examples in your response.
What will happen to the price of the bond that pays $3 per year (Suppose that interest rates are 6% in the economy and a safe bond promises to pay $3 per year in interest forever. What do you think the price of the bond will be Why
Discuss India's the key objectives and strategies of India's Foreign Trade Policy 2009-2014?
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