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There are two firms in a market that produce an identical product. Each firm has either one or zero units to sell. The probability of having a unit to sell is q and the probability of having no units to sell is 1-q. There is a single consumer interested in buying only one unit of the good at a price not to exceed $1. If both firms have capacity available, it will buy from the lowest priced. If only one firm has capacity, it buys from that firm provided its price does not exceed $1. Each student in the game represents one of these firms. You must decide what price to charge for the good if you were to have a unit available to sell. Note that at the time of making this decision you do not know whether your competitor will have a unit of capacity to sell or not and what price it will choose. Each group must submit three prices, corresponding to the optimal price choices for the following three cases: 1. q=1/4 2. q=1/2 3. q=3/4 I will use your inputed strategy pairwise against each of the strategies submitted by others in the class. Your score will be the total profits made. Input your price (between 0 and 1) for each of the following cases: Price for q=1/4: Price for q=1/2: price for q=3/4:
Demonstrate a method for limited transfer of rights in the GrahamDenning model.
Code a method called calcRemainder() that receives two integers through its parameter list and returns
A flow chart for the following problem. Just a flowchart. Design an algorithm that will prompt for and receive 10 integers from an operator at a termina
The denominator for the target fraction: 2 Enter the numerator for the next fraction to test: 2 Enter the denominator for the next fraction to test: 4 The fraction you just entered equals the first fraction of 1/2. Would you like to continue (Y/N)?
Solution the question below, using the ID to identify the number you wish to specify as the correct answer. Place answer in blank provided.
Needs to examine and process the string
Program: Generated by some condition that occurs as a result of an instruction execution, such as arithmetic overflow, division by zero, attempt to execute an illegal machine instruction, and reference outside a user's allowed memory space.
Draw a PDA for the language L over {0,1} consisting of strings with an equal number of 0's and 1's. So 010011 would be in this language. Next draw a DFA recognizing 0?1?. Use the algorithm from class to draw a PDA for the intersection of these two..
What is the difference between intentional and unintentional plagiarism
New Century Wellness Group offers a holistic approach to health care with an emphasis on preventive medicine as well as traditional medical care. In your role as an IT consultant, you will help New Century develop a new information system
Shell scrips are used in Linux to automate complicated and repetitive tasks. Such scripts often use variables, pipes, parameters and grep to achieve the desired outcome.
See this article about "Cloud storage carries potent security risk", including reading the information and viewing the short video (on Financial Services).
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