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You are asked “Should we buy a house or not?” and given the following set of rules to answer it:
R1: IF inflation is low, THEN interest rates are low, ELSE interest rates are high.
R2: IF interest rates are high, THEN housing prices are high. ELSE housing prices are low R3:
IF housing prices are high, THEN do not buy a house, ELSE buy a house.
a. Run backward chaining with a high inflation rate, as given.
b. Run forward chaining with a low inflation rate, as given.
c. Prepare an inference tree for the backward-chaining case.
Consider supply and demand in the market for privately-owned apartments in Moscow. What market outcomes do you predict in this market if the University of Idaho eliminates the requirement that freshmen must live on campus?
Assume the demand function for scooters is given by QD = 20,000 – 10P + 0.2I, where P = price of a scooter, and I = average income of consumers. Also, assume the supply function of scooters is given by QS = 20 P. If the market for scooters is perfect..
For this exercise you will need to first build a graph to these specifications: Compute consumer, producer, and total surplus at the market equilibrium. Compute deadweight loss when the government imposes a price ceiling of $120.
Choose a country other than the United States and provide current (2016) statistics on mobile phone usage by operating system and include country name, the statistics, the date of the data and the source of this data.
The single most important health policy choice in the United States over the past four decades has noting. What evidence can you cite to support your position?
Each of the players chooses an (integer) amount between $180 and $300. Both players receive the lower amount. Five dollars are transferred from the player who chose the larger amount to the player who chose the smaller one. Which strategies survive r..
q1. assume that a national restaurant firm called bbq builds 10 new restaurants at a cost of 1 million per restaurant.
Peggy's Peaches has developed a new product, the Bruise less Peach, which always stays peachy fresh. Peggy's paid 85,000 to a marketing firm to survey the bruise less peach market. The potential sales were estimated at $250,000 per year.
A computer in surface of road picks up a signal from your car and automatically charges you for use of road. Explain how could this technological change contribute to ending bottlenecks and rush hour congestion.
What are the three factors that determine the behavior and ultimate value of people in an organization? From a manager’s perspective, which is the most important factor of the three? Give an example, supporting your choice.
Assume 2 firms on a street of length 1, with zero costs of production. Consumers are uniformly distributed on this street, desire only one unit of the good, and value the good at V = 100. To get to the firms and purchase the good, consumers need to p..
q1. 1. what might be the goal of a museum? of a firm? what are the basic steps in all types of decision making
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