When is anything in equilibrium? When will we know if things are balanced?
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When is anything in equilibrium? When will we know if things are balanced?
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- What is an equilibrium condition? How do we know that we have an equilibrium condition?A computer manufacturing company is trying to decide whether to purchase specialized assembly equipment todayor to wait 6 years from now, when the equipment will be first needed.If you were to purchase the equipment today it would cost: $704,0006 years from now the equipment would cost: $1,000,962The bank is paying 6.00% interest per year, compounded monthly.Should you buy the equipment now or wait 6 years to buy the equipment?The Nobel peace prize is awarded to persons who excel in various fields ofendeavor. Currently only a handful of panel members determine and choose people who qualify for a particular award based on nomination from a wide range of disciplines’. This process of selecting the winners for the various prices have been criticized as being biased especially from the side of the panel members. The committee of experts at a general council meeting decided to automate the selection process. On a trial bases, you have been engaged to develop a java system that will automatically select a nominee as the winner of the award in two categories (peace and science). Your program should have the following functionalities. a) You are to define a class named Nobel_Award. Your class must have twofunctions, one of the functions should be named Award_Category, andthe other function should be named Award_Winner. YourAward_Category must have a string parameter list and return the stringwhen called. Your…
- Is it possible to explain how dynamic programming uses the idea of optimality?The Nobel peace prize is awarded to persons who excel in various fields of endeavor. Currently only a handful of panel members determine and choose people who qualify for a particular award based on nomination from a wide range of disciplines’. This process of selecting the winners for the various prices have been criticized as being biased especially from the side of the pane members. The committee of experts at a general council meeting decided to automate the selection process. On a trial bases, you have been engaged to develop a system that will automatically select a nominee as the winner of the award in two categories (peace and science). Your program should have thefollowing functionalities. a) Write a C++ program to define a class named NobelAward. Your class must have two functions, one of the functions should be named AwardCategory, and the other function should be named AwardWinner. Your AwardCategory must have a string argument and return the string when called. Your…The Nobel peace prize is awarded to persons who excel in various fields of endeavor. Currently only a handful of panel members determine and choose people who qualify for a particular award based on nomination from a wide range of disciplines’. This process of selecting the winners for the various prices have been criticized as being biased especially from the side of the panel members. The committee of experts at a general council meeting decided to automate the selection process. On a trial bases, you have been engaged to develop a system that will automatically select a nominee as the winner of the award in two categories (peace and science). Your program should have the following methodsalities. a) You are to define a class named NobelAward. Your class must have two methodss, one of the methodss should be named AwardCategory, and the other methods should be named AwardWinner. Your AwardCategory must have a string argument and return the string when called.…
- The Nobel peace prize is awarded to persons who excel in various fields of endeavor. Currently only a handful of panel members determine and choose people who qualify for a particular award based on nomination from a wide range of disciplines’. This process of selecting the winners for the various prices have been criticized as being biased especially from the side of the panel members. The committee of experts at a general council meeting decided to automate the selection process. On a trial bases, you have been engaged to develop a system that will automatically select a nominee as the winner of the award in two categories (peace and science). Your program should have the following methodsalities.a) You are to define a class named NobelAward. Your class must have two methodss, one of the methodss should be named AwardCategory, and the other methods should be named AwardWinner. Your AwardCategory must have a string argument and return the string when called. Your AwardWinner methods…Pretend you have five employees who would like to know exactly how much their bi-weekly pay will be once all of their deductions are taken off. Their weekly pay is as follows: Emp #1. $1100 Emp #2. $1300 Emp #3. $1500 Emp #4. $1700 Emp #5. $2300 *Taxation *Mattel is developing a new Madonna doll. Managershave made the following assumptions.It is equally likely that the doll will sell for two, four,six, eight, or ten years.At the beginning of year 1, the potential market for thedoll is 1 million. The potential market grows by an averageof 5% per year. They are 95% sure that the growth inthe potential market during any year will be between 3%and 7%.They believe their share of the potential market duringyear 1 will be at worst 20%, most likely 40%, and at best50%. All values between 20% and 50% are possible.The variable cost of producing a doll during year 1 isequally likely to be $4 or $6.The sales price of the doll during year 1 will be $10.Each year, the sales price and variable cost of producingthe doll will increase by 5%.The fixed cost of developing the doll (incurred in year0) is equally likely to be $4, $8, or $12 million.At time 0, there is one competitor in the market. Duringeach year that begins with four or fewer competitors,…
- A coach is trying to choose the starting line-up for the basketball team. The team consists ofseven players who have been rated (on a scale of 1= poor to 3 = excellent) according to theirball-handling, shooting, rebounding, and defensive abilities. The positions that each playeris allowed to play (G = guard, C = center, F = forward) and the player’s abilities are:Player Position Defense Ability1 G 32 C 23 G-F 24 F-C 15 G-F 16 F-C 37 G-F 3Formulate an IP to choose the starting lineup such that the five-player starting line-up satisfiesthe following restrictions, then solve your IP using python (if you have not taken and are notcurrently taking python you may use the excel solver - be sure to document this in yourhomework submission). Submit your python file on canvas and include the optimal solutionin your written submission.(a)…What is meant by discounting cash flows to time 0?In addition to being a Computer Scientist, you have a (side-hustle) business where you sell flower bouquets.Each of your flower bouquets consists of a certain number of red roses, with a minimum of 1 and a maximum of 6. This is the profit you make from each of your bouquets, which is a function of the number of red roses in that bouquet. You have 6 roses with you, and now you need to decide what bouquets to make in order to maximize your profit. I have presented this data as a set of tuples below. (Roses, Prices) = {(1,$3),(2,$5), (3, $9), (4,$13), (5,$14), (6,$18)} For example, if you make two 2-rose bouquets and two 1-rose bouquets (2+2+1+1=6), then your profit is 5+5+3+3=16 dollars. Note- for this problem you can have multiple rose bouquets in each category. However, if you make a 5-rose bouquet and a 1-rose bouquet (5+1=6), then your profit is 14+3=17 dollars. Determine the maximum profit you can make.