Describe the economic intuition behind the solution. (
Consider the model of second degree price discrimination that we introduced in class. (a) Complete the graphical representation of the optimal pricing problem of the monopolist, and describe visually the payments that he will receive from the buyers. (b) Complete the analysis of the optimal quality provision by analyzing the associated transfer payments in equilibrium. […]
describe all relevant activities that occur in an office (producing documents, computing invoices and salaries, etc.)
1. Sketch how the elevator system described in could be specified in terms of FSMs. You don’t need to go into all the details. Rather, you should point out what FSMs are able to describe and where they fail to capture the desired requirements. 2. Use PNs to model office organization and automation. You should […]