2005_mid - MS&E201 Dynamic Systems Professor Edison Tse...

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page 1 of 2 Professor Edison Tse April 25, 2005 Midterm 1. You have 75 minutes for the exam. 2. No programmable calculators and laptop are allowed. 3. Please sign the Honor Code on the cover of the blue exam book. 4. Please underline your final answers for each question in the blue exam book. 5. If you are an SCPD student, please include your company name and address on the cover of the blue book. The following formula might be useful. - - = = - a b c d A d b c a A 1 1 if 0 - = bc ad Problem 1. (5 points each) True or False (You don’t have to explain why.) 1) In the grabber-holder dynamics, the holder for the McDonald system is the high profit generated for the franchises. 2) In the market substitution model, the model will eventually break down because it will always predict that quantity sold of one product will become negative. 3)
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This note was uploaded on 06/16/2010 for the course MS&E 201 taught by Professor Edisontse during the Spring '08 term at Stanford.

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2005_mid - MS&E201 Dynamic Systems Professor Edison Tse...

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