Reference no: EM131368160
Algorithm/task list
This assignment involves creating an algorithm. An algorithm (pronounced AL-go-rith-um) is a procedure or formula for solving a problem. We will see in future weeks how the detailed steps of this type of procedure relate to pseudocode and, in general, to the development of programming flow and logic.
"An algorithm is a specific set of instructions for carrying out a procedure or solving a problem, usually with the requirement that the procedure terminate at some point. Specific algorithms sometimes also go by the name method, procedure, or technique. The word algorithm is a distortion of al-Khwarizmi, a Persian mathematician who wrote an influential treatise about algebraic methods." Weisstein, E. (n.d.). Algorithm. Retrieved from mathworld.wolfram.com/Algorithm.html
Resources:
• Watch the Khan Academy video "Intro to Algorithms."
• Watch Lesson 1, "Programming Basics," of the Lynda.com video "Foundations of Programming: Fundamentals" with Simon Allardice.
Identify a common task that might occur regularly. The task should be one that might occur in a business setting rather than one in someone's personal life.
Create a 1-page Microsoft Word document that lists the 15 to 20 steps required to perform the identified task. The steps should be written in a clear and easy-to-read format so that someone else could complete them without further explanation. When describing the steps:
• They should be observable
• Use an active verb and object format ("Open the desk drawer", "Ask the user for the amount")
• Use short phrases, as opposed to complete sentences.
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State whether each member is in tension or compression
: For the truss shown, determine the force in members AB, BD, and BC. State whether each member is in tension or compression. Note that member BC is vertical.
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Key to the success of entry-deterrence
: Why is uncertainty a key to the success of entry-deterrence?
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Face entry by new competitors
: "How a firm behaves toward existing competitors is a major determinant of whether it will face entry by new competitors." Explain.
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Pricing strategies of incumbent firms
: 1. Researchers have found that industries with high entry rates tended to also have high exit rates. Can you explain this finding? What does this imply for pricing strategies of incumbent firms?
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Identify a common task that might occur regularly
: Identify a common task that might occur regularly. The task should be one that might occur in a business setting rather than one in someone's personal life.
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What is the marginal product of capital
: The marginal product of labor is 5 units of output per hour and the wage is $10. Capital can be rented at $8 per hours. At the optimal input combination, what is the marginal product of capital? If capital is cheaper per hour, why not only use ca..
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Fuji enters the camera market
: Kodak is a monopolist in the camera market with a demand curve P=12-Qk and MC=AC=2. What is the optimal price, quantity, and profit? What might happen if Fuji enters the camera market?
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Probability of heads or tails
: Your friend offers you a gamble to toss a coin with equal probability of heads or tails. If heads, you get $150. If tails, you lose $20. Your utility function for income Y is U(Y)=Y^1/3.
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What is the dorfman-steiner rule
: What is the Dorfman-Steiner rule for optimal advertising expenditures? What factors might increase the optimal advertising expenditure by a firm?
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