Instructions: For each of the questions below, give your answer in the appropriate textbox.This test must be completed under test conditions. You may not use notes, the textbook, other material from this course, or consult other people or AI chatbots, or use the internet to find answers.Calculators may not be used.
Read DetailsDoes the approach to problem solving described in Thinking Mathematically by Mason, Burton and Stacey address the concerns about Polya’s Modern Heuristics discussed by Schoenfeld in Polya, Problem Solving, and Education? Explain your thinking.
Read DetailsFor each of the questions below, give your answer in the appropriate textbox. This test must be completed under test conditions. You may not use notes, the textbook, other material from this course, or consult other people or use the internet to find answers. Calculators may not be used. _39534_156bd2c19ffc6b42032cdec0e3683c86a https://az545770.vo.msecnd.net/lti/exam
Read DetailsThe exam is 90 minutes. You will have an additional 15 minutes to print (if available), scan, and upload. If you submit after the allotted time, your exam will be considered late and may incur a late penalty. After you complete your exam, scan your solutions into one .pdf file. Please upload your completed exam file by clicking on the “Add File” button underneath Question 1’s blank answer field. Download exam file here : CSCI585 Midterm Exam Please read the FIVE items below , carefully, before you start the exam – it’s time well spent 🙂 1. Each of the 12 questions below is worth 3 points, you need to answer any 10. BUT IF YOU WANT, you can answer more! We will score everything you write, add up all the points (even partial ones!). Note that your total will be ‘capped’ at 30, ie. you will not get more than 30 under any circumstance (but still). OMG – a 20% bonus, I mean who does THAT?! Also: there is WAY more space available (a whole PAGE in fact) for each answer, but you don’t HAVE to write that much… just answer the questions 🙂 Crazy, yes? Yes! 2. You DON’T have to write a ‘lot’, ie. no need to fill each page. 3. You can use your ‘cheat’ sheet, nothing else. If you are observed ‘cheating, you’ll get a 0 for the exam, AND be reported to OAI [fyi: we report first, THEN notify you]. Please *DO NOT* cheat-tttu! 4. Do STOP writing when the time is up – if you continue writing, you will get a 5 point penalty [when you submit we mark your paper]. After that, submit your answers via the Gradescope app. Remember – if you “resubmit” after leaving the exam, you will get a 0 AND be reported to OAI 🙁 5. Have fun – enjoy querying… your brain and/or cheatsheet! If your exam utilizes Gradescope’s Student App, Do NOT upload to Gradescope. You will only upload your scanned exam file to this D2L quiz
Read DetailsFIRST ESSAY QUESTION (50 points)ANSWER ONE OF THE FOLLOWING TWO QUESTIONS:A. This question has two parts: 1. In many oligopolistic industries, the same firms compete over a long period of time, setting prices and observing each other’s behavior repeatedly. Why is there a tendency for prices to be stable? Explain. 2. Many industries are often plagued by overcapacity: firms simultaneously invest in capacity expansion, so that total capacity far exceeds demand. What factors lead to overcapacity in these types of markets? Explain NOTE: Use economic concepts in answering the two questions. OR: B. This question has two parts: Does a monopoly maximize profits in an inelastic portion of a demand curve; if not, then would a monopolist maximize profits at the elastic portion of the demand curve? Explain Can a monopolist earn above normal profits in the long-run? Explain NOTE: Explain your answer to the above two questions using economic concepts from the monopoly market model.
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