Here is a simplified version of the game "Win an additional mark if U can!".
•There are two players.
•Each player names an integer between 1 and 4.
•The player who names the integer closest to two thirds of the average integer gets a reward of 10, the
other players get nothing.
•If there is a tie (i.e., choosing the same number), each player gets reward of 5.
(a) Represent this game in Normal Form. (b) Answer the following questions •When player 2 chooses 4, what are the best responses for player 1?
•When player 1 chooses 3, what are the best responses for player 2?
•When player 2 chooses 2, what are the best responses for player 1?
•When player 1 chooses 1, what are the best responses for player 2?
•For player 1, is the strategy of choosing 4 strictly or very weakly dominated by another strategy? If
so, which ones?
•For player 2, is the strategy of choosing 1 strictly or very weakly dominated by another strategy? If
so, which ones?
(c) What is the Nash equilibrium of this game? Find this out by applying the concept of dominated strategies to rule out a succession of inferior strategies
until only one choice remains.
Answers
Answer:
(a) Here is the Normal Form representation of the game:
Player 2: 1 Player 2: 2 Player 2: 3 Player 2: 4
Player 1: 1 (5,5) (5,5) (0,10) (0,10)
Player 1: 2 (5,5) (2.5,2.5) (2.5,2.5) (0,10)
Player 1: 3 (10,0) (2.5,2.5) (2.5,2.5) (0,10)
Player 1: 4 (10,0) (10,0) (0,10) (0,10)
The first number in each cell represents the payoff for player 1, and the second number represents the payoff for player 2.
(b) •When player 2 chooses 4, player 1's best responses are 1 or 2, as they both lead to a payoff of 5. •When player 1 chooses 3, player 2's best response is to choose 3 as well, leading to a payoff of 2.5. •When player 2 chooses 2, player 1's best response is to choose 2 as well, leading to a payoff of 2.5. •When player 1 chooses 1, player 2's best responses are 1 or 2, as they both lead to a payoff of 5.
•For player 1, the strategy of choosing 4 is weakly dominated by the strategy of choosing 3. When player 1 chooses 3, they are guaranteed a payoff of at least 2.5, regardless of player 2's choice. When player 1 chooses 4, they can only get a payoff of 0 or 10, depending on player 2's choice.
•For player 2, the strategy of choosing 1 is strictly dominated by the strategy of choosing 2. If player 2 chooses 2, they are guaranteed a payoff of at least 2.5, regardless of player 1's choice. If player 2 chooses 1, they can only get a payoff of 5 or
Explanation:
Related Questions
What is the best form of local Incident Command?
Answers
The best form of local Incident Command is the Incident Command System (ICS).
ICS is a standardized, on-scene, all-hazards incident management approach that allows for the integration of facilities, equipment, personnel, procedures, and communications operating within a common organizational structure. It is designed to be used from the time an incident occurs until the requirement for management and operations no longer exists.
ICS is used by all levels of government, as well as by many private-sector and non-governmental organizations, to organize field-level incident management operations. It is flexible and can be used for incidents of any type, size, or complexity. ICS allows for the efficient coordination of resources and effective communication among all responders, which is essential for successful incident management.
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The best form of local Incident Command is the Incident Command System (ICS).
ICS is a standardized, on-scene, all-hazards incident management approach that allows for the integration of facilities, equipment, personnel, procedures, and communications operating within a common organizational structure. It is designed to be used from the time an incident occurs until the requirement for management and operations no longer exists.
ICS is used by all levels of government, as well as by many private-sector and non-governmental organizations, to organize field-level incident management operations. It is flexible and can be used for incidents of any type, size, or complexity. ICS allows for the efficient coordination of resources and effective communication among all responders, which is essential for successful incident management.
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three mortar mixes were prepared with water to cement ratios of 0.50, 0.55, and 0.60. three 2-in. mortar cubes were prepared for each mix. the cubes were cured for 7 days and then tested for compressive strength. the test results were as shown in the table below. compute the following: a. the compressive strength of each cube. b. the average compressive strength for each mix.
Answers
a. The compressive strength of each cube were 2200, 2300, and 2400 psi.
b. To compute the average compressive strength for each mix = 2300 psi.
a. To compute the compressive strength of each cube, you can simply look at the table provided. For the first mix with a water to cement ratio of 0.50, the compressive strengths of the three cubes were 3200, 3400, and 3300 psi. For the second mix with a water to cement ratio of 0.55, the compressive strengths were 2800, 2900, and 3000 psi. And for the third mix with a water to cement ratio of 0.60, the compressive strengths were 2200, 2300, and 2400 psi.
b. To compute the average compressive strength for each mix, you need to add up the compressive strengths of all three cubes for each mix and then divide by 3 (since there are three cubes per mix). For the first mix with a water to cement ratio of 0.50, the average compressive strength is (3200+3400+3300)/3 = 3300 psi. For the second mix with a water to cement ratio of 0.55, the average compressive strength is (2800+2900+3000)/3 = 2900 psi. And for the third mix with a water to cement ratio of 0.60, the average compressive strength is (2200+2300+2400)/3 = 2300 psi.
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Let P(n) be the statement that 1^3 + 2^3 + 3^3 + + n^3 = (n(n+1)/2)^2 for the positive integer n. What is the statement P(1)? Show that P(1) is true, completing the basis step of the proof. What is the inductive hypothesis? What do you need to prove in the inductive step?Complete the inductive step, identifying where you use the inductive hypothesis.
Answers
One must first assume the inductive hypothesis for n before using that assumption to demonstrate that the assertion is true for n + 1. This is known as the induction step.
What does inductive reasoning in math class 11 mean?This means that the assertion P(n) is true for n = k + 1 if and only if the supplied statement holds true for some prime number k. This is sometimes referred to as the "inductive step," and the "inductive hypothesis" is the presumption because P(n) is valid for n=k.
What does induction mean exactly?Electromagnetic induction, or simply induction, is the technique of creating electrical charge in a conductor by exposing the conductor to a fluctuating magnetic field.
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On the position time curve, if the slope of a tangent at a point is positive, that means:
A: The object is moving backward
B: The object is not moving
C: The object is moving forward
Answers
Answer:
C. the object is moving forward
Explanation:
A positive slope means position is increasing when time is increasing. Generally, increasing position is "moving forward."
Answer:
C. The object is moving forward
The displacement of a certain object is described by y(t) = 23 sin 5t, where t is measured in seconds. Compute its period and its oscillation frequency in rad/sec and in hertz
Answers
Answer:
5 rad/sec
0.796 Hz
1.256 seconds
Explanation:
Y(t) = 23sin5t ----1
Y(t) = aSin(w)t----2
w = 5 rad/sec
Then we get the Oscillation frequency from the formula below
w = 2πf
We make f to be the subject of this formula
f = w/2π
f = 5/2*3.24
f = 5/6.28
f = 0.796Hz
From the calculated frequency, we get the period = 1/f
= 1/0.796
= 1.256 seconds
Mathematical modeling aids in technological design by simulating how.
1. A solution should be designed
2. A proposed system might behave
3. Physical models should be built
4. Designs should be used
Answers
Mathematical modeling aids in technological design by simulating how proposed system might behave. The correct option is 2.
What is mathematical modelling?Mathematical modelling describes a real world problem in mathematical terms or in the form of equations. This makes an engineer to discover new features about the problem and designer to alter his design for better function and output.
Mathematical models allow engineers and designers to understand how the proposed model and actual prototype will be produced.
Thus, the correct option is 2.
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The sections of piping immediately upstream and downstream of a primary flow measuring device are known as
Answers
The sections of piping immediately upstream and downstream of a primary flow measuring device are known as the "straight run."
The straight run refers to the lengths of piping that are required to be present immediately upstream and downstream of a primary flow measuring device. These sections of piping are necessary to ensure that the flow profile is fully developed and unaffected by any disturbances caused by bends, fittings, or obstructions in the pipe. The straight run allows the fluid to flow smoothly and uniformly before entering or exiting the flow measuring device, ensuring accurate and reliable measurements.
By providing sufficient straight run lengths, the flow profile becomes stable, minimizing turbulence and disturbances that could impact the accuracy of the flow measurement.
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If the sprinkler head shuts off with a clamp communication tube what is the problem?
Answers
If the sprinkler head shuts off with a clamp communication tube, it means that there is a problem with the communication between the sprinkler head and the control valve.
This type of system, known as a wet pipe sprinkler system, uses water-filled pipes that are constantly pressurized to quickly detect and extinguish fires. The sprinkler head is designed to release water when it detects heat, but it can only do so if it receives the proper signal from the control valve.
The clamp communication tube is a critical component of this system, as it allows the control valve to communicate with the sprinkler head. If this tube becomes damaged or blocked, it can interrupt the flow of water to the sprinkler head, causing it to shut off or fail to activate altogether. This can be a serious safety issue, as it can prevent the system from effectively extinguishing fires and protecting the building and its occupants.
If you are experiencing issues with your sprinkler system, it is important to have it inspected and repaired by a qualified professional to ensure that it is functioning properly and providing adequate fire protection.
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# Structure Mechanics.
Draw the internal force (axial force, shear force and moment) diagrams of the frame.
Answers
the downwash due to wing tip vortices leads to: group of answer choiceslower lift and higher draglower lift and lower draghigher lift and lower draghigher lift and higher drag
Answers
The downwash due to wing tip vortices leads to lower lift and higher drag. This is because as the high pressure air underneath the wing moves towards the low pressure area above the wing, it creates a swirling motion known as a vortex.
This vortex, also called a wing tip vortex, moves downwards and outwards from the wing tips, creating a downward flow of air behind the wing. This downward flow of air reduces the pressure on the upper surface of the wing, resulting in lower lift.
At the same time, the vortex causes an increase in drag as it generates a rotational flow around the wing, which opposes the forward motion of the aircraft.
Therefore, while wing tip vortices are an unavoidable consequence of lift generation, they also result in reduced performance and increased fuel consumption, making them a key consideration in aircraft design and operation.
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John Deere invented the phonograph.
Answers
Answer:
it is false john deere invented the self-scouring steel plow
Explanation:
Consider again the mixer of HW5 - Problem 4 and calculate the rate of entropy generation in W/K across the mixer. A hot steam flow (0.25 kg/s at Thor= 1100 °C) is mixed with a saturated liquid water flow (0.9 kg/s) in a mixing chamber. If the entire system has uniform pressure 0.8 MPa:
Answers
The rate of entropy generation in W/K across the mixer is -0.9747 kW/K.
Hot steam flow (ms) = 0.25 kg/s, Thor = 1100 °C. Saturated liquid water flow (ml) = 0.9 kg/sPressure (P) = 0.8 MPaThe rate of entropy generation can be calculated using the formula:σ = ms × s(Tor) - m × s(Tor), where
ms is the mass flow rate of steam,ml is the mass flow rate of liquid water, ands is the specific entropy.To calculate the specific entropy of the steam (s(Tor)), we can use steam tables. The specific entropy of the saturated liquid water is negligible as it is saturated.
Therefore, we can neglect its contribution to the rate of entropy generation. Using steam tables at 1.1 MPa (which is the closest to 0.8 MPa), we get the following values:Specific enthalpy of steam at 1100°C (Thor) = 4097.8 kJ/kg.
Specific entropy of steam at 1100°C (Thor) = 7.1925 kJ/kg.K Using the formula for the rate of entropy generation: σ = ms × s (Tor) - ml × s(Tor) σ = (0.25 kg/s) × 7.1925 kJ/kg. K - (0.9 kg/s) × 7.1925 kJ/kg. Kσ = -0.9747 kW/K. Therefore, the rate of entropy generation in W/K across the mixer is -0.9747 kW/K.
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Do you like my drawing??
Answers
Answer:
Yes
Explanation:
That is a very nicely done drawing!
How would you determine if a metal object is an alloy or not. Describe two approaches you would use to illustrate your point 3. During steel production, the following reaction is used to remove phosphorus impurity: 5FeO(s)+2P(l)⟷P2O5(s)+5Fe(l) Describe ways in which you could accomplish the task. Describe the basic chemistry principle behind your decision. 4. Describe operational principles behind STM and give two applications 5. Calculate the percentage packing for hcp lattice structure. (8) 6. (a) Mention three ways of chemically deforming a metallic material. (b) Give benefits of metal deformation 7. Describe how recrystallization is important in metal processing. 8. Physical methods play an important role in the preparation of nanomaterials. (a) Describe the main steps in vapour deposition methods (b) Distinguish between two vapour deposition methods
Answers
Two approaches to determine if a metal object is an alloy or not would be through chemical analysis and microstructure examination. Chemical analysis involves testing the composition of the metal by conducting spectroscopic techniques or using specific reagents to identify the presence of different elements. Microstructure examination involves observing the metal under a microscope to analyze its grain structure, phases, and any segregation patterns, which can provide clues about its composition.
To determine if a metal object is an alloy, chemical analysis can be conducted. This involves using techniques such as atomic absorption spectroscopy (AAS), inductively coupled plasma optical emission spectroscopy (ICP-OES), or energy-dispersive X-ray spectroscopy (EDS) to identify the elements present in the metal. By comparing the detected elements with the known composition of alloys, it can be determined if the metal object is an alloy or a pure metal.
Microstructure examination is another approach to determine if a metal object is an alloy. This involves preparing a thin metal sample, polishing it, and examining it under a microscope. Different alloys have characteristic microstructures, such as the presence of different phases, grain sizes, or segregation patterns. By comparing the observed microstructure with reference materials or known alloy systems, it can be determined if the metal object is an alloy or not.
These approaches rely on the basic chemistry principle that alloys are composed of multiple elements, while pure metals consist of a single element. By analyzing the composition or observing the microstructure, we can distinguish between the two.
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someone help me to do this?
Answers
Answer:
okay it is faster and easier
8) Microsoft Windows is
A. the most popular computer OS
B. a system software that manages computer
C. a collection of computer programs or applications along with its related data
Answers
Hope this helps
what is true about the granularity of a fact table?a. in a fact table, each row can represent a different granularityb. the granularity of the fact table should represent a single transactionc. in a fact table, every row should represent the same granularity
Answers
Granularity refers to the level of detail or the degree of summarization in a fact table. A fact table can have different levels of granularity depending on the business requirements.
For example, a sales fact table can have rows representing daily, weekly, monthly, or even individual transactions. So, option a is true as a fact table can have rows representing different levels of granularity.
However, it is important to note that the granularity of the fact table should align with the level of detail required for the analysis. The level of detail should not be too high or too low to ensure that the analysis is accurate and relevant. In this sense, option b is also partially true as the granularity of the fact table should be based on a single transaction or the lowest level of detail required for the analysis.
Option c is not true as a fact table can have different levels of granularity.
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Acme Logistics provides "Less than truck load" (LTL) services throughout the U.S. They have several hubs where they use cross-docking to move goods from one trailer to another. Acme built its last hub 10 years ago, and it had 36 dock doors. The cost index at that time was 140, and the total cost was $6 million. Acme plans a new hub that will have 48 dock doors. The cost index now is 195, and Acme will use a capacity factor of 0.82. What is the estimated cost of the new hub?
Answers
Answer:
The answer is "$10.12 million"
Explanation:
To find the price of the 36 dock doors only at the current rate, just use the cost index.
\(C_n=C_k \times (\frac{I_n}{I_k})\\\\\)
\(= 6 \times \frac{195}{140} \\\\= \$ \ 8 \ million\)
Its current cost of 36 dock doors is, thus,\(\$ \ 8 \ million\). To calculate the price for 48 dock doors, just use the second formula now:
\(\to (\frac{C_A}{C_B})=(\frac{S_A}{S_B})^{X}\\\\\to C_A=C_B \times (\frac{S_A}{S_B})^{X}\\\\\)
\(=8 \times (\frac{48}{36})^{0.82}\\\\= \$ 10.12 \ million\)
Optical discs store data using tiny pits and lands burned by a laser.
T / F
Answers
False. Optical discs store data using tiny pits and lands created by a laser, not burned. The laser beam alters the reflective properties of the disc's surface to encode the data.
Optical discs, such as CDs, DVDs, and Blu-ray discs, are created with a reflective layer and a protective layer on top. To store data on an optical disc, a laser beam is used to create microscopic pits and lands on the reflective layer. The laser focuses on specific areas of the disc, heating them to change their optical properties. The areas heated by the laser become the pits, while the unheated areas remain as lands.
When the disc is read, a laser beam is directed onto the surface, and a sensor detects the changes in reflection caused by the pits and lands. The sensor translates these changes into digital data that can be interpreted by a device, such as a CD or DVD player.
The pits and lands on an optical disc are arranged in a spiral track or concentric circles, forming a continuous sequence of data. By varying the length and spacing of the pits and lands, different patterns are created to represent the encoded data. This allows optical discs to store various types of information, including audio, video, and computer data.
Hence, optical discs use lasers to create pits and lands on a reflective surface, rather than burning the data onto the disc. This technique enables the discs to store and retrieve data accurately and reliably.
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A steam turbine receives 8 kg/s of steam at 9 MPa, 650 C and 60 m/s (pressure, temperature and velocity). It discharges liquid-vapor mixture with a quality of 0.94 at a pressure of 325 kPa and a velocity of 15 m/s. In addition, there is heat transfer from the turbine to the surroundings for 560 kW. Find the power produced by the turbine and express it in kW?
Answers
Answer:
The power produced by the turbine is 23309.1856 kW
Explanation:
h₁ = 3755.39
s₁ = 7.0955
s₂ = sf + x₂sfg =
Interpolating fot the pressure at 3.25 bar gives;
570.935 +(3.25 - 3.2)/(3.3 - 3.2)*(575.500 - 570.935) = 573.2175
2156.92 +(3.25 - 3.2)/(3.3 - 3.2)*(2153.77- 2156.92) = 2155.345
h₂ = 573.2175 + 0.94*2155.345 = 2599.2418 kJ/kg
Power output of the turbine formula =
\(Q - \dot{W } = \dot{m}\left [ \left (h_{2}-h_{1} \right )+\dfrac{v_{2}^{2}- v_{1}^{2}}{2} + g(z_{2}-z_{1})\right ]\)
Which gives;
\(560 - \dot{W } = 8\left [ \left (2599.2418-3755.39 \right )+\dfrac{15^{2}- 60^{2}}{2} \right ]\)
= -8*((2599.2418 - 3755.39)+(15^2 - 60^2)/2 ) = -22749.1856
\(- \dot{W }\) = -22749.1856 - 560 = -23309.1856 kJ
\(\dot{W }\) = 23309.1856 kJ
Power produced by the turbine = Work done per second = 23309.1856 kW.
6. Used ____________ must be hot drained for 12 hours or crushed before disposal. A) Wet mops B) Sponges C) Oil filters D) Oily towels
Answers
Answer:
C - oil filters.
Explanation:
You must crush or drain oil filters for a minimum of 12 hours for recycling because used motor oil is hazardous waste and can affect the environment if disposed of properly so the government has created strict rules for proper disposal.
An AC bridge has 4 arms. In arm AB, a 120 kilo-ohm resistor and a 47 microfarads capacitor are connected in parallel while arm BC has 330 microfarads capacitor. If arm AD has a 330 kilo-ohm resistor, calculate the value of the unknown capacitor and resistor in arm CD connected in series. (AC power is supplied through A and C while the detector is connected across BD)
Answers
The unknown capacitor in arm CD must have a value of 330 microfarads, and the unknown resistor must have a value of 100 kilo-ohms.
To solve the problem, use the following formula:
Cseries = C1 x C2 / (C1 + C2)
Where C1 is the value of the capacitor in arm AB (47 microfarads) and C2 is the value of the capacitor in arm BC (330 microfarads).
Therefore, Cseries = 330 microfarads.
Also, the total resistance of arms CD is the sum of the resistance of the resistor (R) and the reciprocal of the capacitive reactance of the capacitor (1/Xc).
Using the following formula:
Rtotal = R + 1/Xc
Where Xc = 1/2πfC,
f is the frequency and C is the capacitance.
For this problem,
Xc = 1/2π(50)(330 x 10-6)
=> 100 kilo-ohm.
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A DC servomotor has a torque constant of 0.075 N-m/A and a voltage constant of 0.12 V/(rad/sec). The armature resistance is 2.5 Ohm. A terminal voltage of 24 V is used to operate the motor. Determine:
a) the starting torque generated by the motor just as the voltage is applied.
b) the maximum speed at a torque of zero.
c) the operating point of the motor when it is connected to a load whose torque characteristic is proportional to speed with a constant of proportionality = 0.0125 N-m/(rad/sec).
Answers
Answer:
The answer is below
Explanation:
Given that:
\(k_t=torque\ constant=0.075\ Nm/A\\\\k_v=voltage\ constant=0.12\ V/(rad/sec)\\\\R_a=armature \ resistance=2.5 \Omega\\\\V_t=terminal\ voltage=24\ V\\\\a)The \ starting\ current\ I_a\ is\ given \ as:\\\\I_a=\frac{V_t}{R_a} =\frac{24}{2.5} =9.6\ A\\\\The \ starting\ torque(T)\ is:\\\\T=k_tI_a=0.075*9.6=0.72\ N.m\)
b) The maximum speed occurs when the terminal voltage and back emf are equal to each other i.e.
\(V_t=e_b=k_v\omega\\\\\omega=\frac{V_t}{k_v}=\frac{24}{0.12} =200\ rad/s\)
c) The load torque is given as:
\(T_L=0.0125\Omega\\\\The\ motor\ torque \ is:\\\\T=k_t(\frac{V_t-k_v\omega}{R_a} )\\\\but\ T = T_L,hence:\\\\0.0125\omega=0.075(\frac{24-0.12\omega}{2.5} )\\\\0.03125\omega=1.8-0.009\omega\\\\0.04025\omega=1.8\\\\\omega=44.72\ rad/sec\\\\N=\frac{60\omega}{2\pi} =\frac{60*44.72}{2\pi} =427\ rpm\)
The next day at SLS found everyone in technical support busy restoring computer systems to their former state and installing new virus and worm control software. Amy found herself learning how to install desktop computer operating systems and applications as SLS made a heroic effort to recover from the attack of the previous day.
Required:
Do you think this event was caused by an insider or outsider?
Answers
Answer:
Yes, it was caused by an insider or outsider.
Explanation:
Yes, I believe that this event was caused by an insider or outsider. This is because, if a USB removable flash drive is attached to all the office computers by an insider and now an outsider sends a mail to the company’s General group mail; if the mail has a link that contains some infected worms and virus; once anybody clicks on the link in the mail then, all the computers will be affected by the virus.
Therefore, this event may be caused by the insider who clicked the infected link or by the outsider sent the infected link in the mail.
What is the missing number in the pattern below?
0, 1, 2, 3, 6, 11, 20, _?_, 68
Answers
Answer:
0, 1, 2, 3, 6, 11, 20, 37, 68
Explanation:
Each number in the series, starting with 3, is the total of the three numbers before it. The following number is the total of the preceding three numbers, according to the pattern. The pattern's next number is 125.
Samantha has 35 m of fencing to build a three-sided fence around a rectangular plot of land that sits on a riverbank. (the fourth side of the enclosure would be the river. ) the area of the land is 150 square meters. List each set of possible dimensions (length and width) of the field.
Answers
The length is 14m and width is 10.5m when Samantha has 35 m of fencing to build a three-sided fence.
How to calculate the dimensions?From the information given, Samantha has 35 m of fencing to build a three-sided fence around a rectangular plot of land that sits on a riverbank.
It should be noted that the area of a rectangle is calculated as:
= Length × Width
Also, the perimeter will be calculated as:
= 2(length + width)
Based on the information given, the perimeter will be:
35 = 2w + l
l = 35 - 2w
Area = Length× Width
Area = w(35 - 2w)
150 = 35w - 2w²
-2w² + 35w - 150
w = 10.5 meters
Length = 35 - 2w
= 35 - 2(10.5)
= 35 - 21
= 14
The length is 14m and width is 10.5m
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what is the correct html for creating a hyperlink?
Answers
Answer:
The correct HTML for creating a hyperlink is <a> symbol.
Catalytic converters reduce the engine's tailpipe emissions of unburned hydrocarbons and carbon monoxide and
can be recycled.
Answers
Answer:
True
Explanation:
Below is a cut and paste. Also read where recycling shops will pay up to $200 to harvest the precious metals used in catalyst process. Thieves will actually steal them from parked cars!!
Catalytic converters also use an oxidative catalyst composed of platinum or palladium. It helps reduce hydrocarbons (HC) and carbon monoxide (CO). To start with, carbon monoxide and oxygen combine to form carbon dioxide (CO2). Then, unburnt hydrocarbons and oxygen combine to form carbon dioxide and water.
Oxidation reactions for carbon monoxide and unburned hydrocarbons
Answer:
True
Explanation:
IM doing it right now
What is the meaning of beauty and completeness? In relation to these what are the attributes a Muslim should adopt?
Answers
ᴄᴏᴍᴘʟᴇᴛᴇɴᴇꜱꜱ ᴍᴇᴀɴꜱ ᴛʜᴇ ꜱᴛᴀᴛᴇ ᴏꜰ ʙᴇɪɴɢ ᴄᴏᴍᴘʟᴇᴛᴇ ᴀɴᴅ ᴇɴᴛɪʀᴇ; ʜᴀᴠɪɴɢ ᴇᴠᴇʀʏᴛʜɪɴɢ ᴛʜᴀᴛ ɪꜱ ɴᴇᴇᴅᴇᴅ.
ʙᴇᴀᴜᴛʏ ᴍᴇᴀɴꜱ combination of qualities, such as shape, colour, or form, that pleases the aesthetic senses, especially the sight.
PS.52 The Station, a boutique cookie company, needs to create a production process for its new cinnamon malt ball cookies. To help accomplish this, the company has put together some numbers for production costs (per dozen cookies for the variable costs). Pre-Bake$150 Fixed Costs $1.75 Labor Costs $0.59 Material Costs Easy Bake$350 Fixed Costs $1.53 Labor Costs $0.48 Material Costs Speed Bake$550 Fixed Costs $1.35 Labor Costs $0.48 Material Costs The Station projects demand for the semester will be 450 dozen cinnamon malt ball cookies. Due to the cookies' expected popularity the selling price will be $4.49.A. Based on the projected demand (volume) for the semester, which process type should they select?1. Pre-Bake2. Easy Bake3. Speed BakeB. Under this process type—the one selected in the previous question—what would be their profits for the semester? (Display your answer to one decimal place.)C. If demand were to increase, what would be the break-even point (in unit volume or demand) between the selected process and the next process option? (Display your answer to two decimal places.)D. Beyond this break-even point, which process would be best?1. Pre-Bake2. Easy Bake3. Speed BakeE. Based on the break-even point (derived two questions back), what would be the total cost? (Display your answer to two decimal places.)
Answers
After an analysis of the costs, the demand, and the types of processes, the best cookie production option depends on the demand. Answer: If the demand is from 1 dozen to 600.06, pre-bake is selected, if it is greater, easy-bake. An image of the calculation procedures is attached
Which process type should they select?The best process type is the pre-bake because it has the greatest profits, as shown in the attached figure.
What would be their profits for the semester?For the pre-bake type process, the semester benefit is $817.50.
What would be the break-even point between the pre-bake and easy-bake process option?The semester demand would have to be 600.06 dozen cookies so that the pre-bake process is no longer the best option but easy-bake. Below is the solution algorithm.
Python codeif __name__ == '__main__':
fixed_cost_prebake = 150
fixed_cost_easybake = 350
variable_cost_prebake = 2.34
variable_cost_easybake = 2.01
sales_price = 4.49
profit_prebake = 0
profit_easybake = 0
sales = 0
while True:
sales = sales+0.01
profit_prebake = fixed_cost_prebake+(variable_cost_prebake*sales)
profit_easybake = fixed_cost_easybake+(variable_cost_easybake*sales)
if profit_prebake>=profit_easybake: break
sales = int(sales*100.0)/100.0
print("Break Even Point")
print("The demand would have to be: ",sales," so that pre-bake is no longer the best option but easy-bake")
Beyond this break-even point, which process would be best?When the demand is greater than 600.06 dozen, the best option is easy-bake process.
To learn more about analysis of the demand see: https://brainly.com/question/14570490
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