Midterm2008_solutions

Midterm2008_solutions - MS&E201 Dynamic Systems Spring 2008...

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MS&E201 Dynamic Systems Spring 2008 May 12, 2008 Professor Edison Tse MS&E 201 DYNAMIC SYSTEMS MIDTERM EXAM 75 minutes, total 75 points Open Book. Open Notes. 1 No calculators are permitted at the examination. Calculations will be kept as simple as possible, and you will receive most of the credit for setting up calculations correctly, even if you do not carry them out. 2 • Partial credit will be given whenever possible, provided your solution is neat and clear. 3 • Please underline your final answers for each question 4 • Off-campus SCPD students: please write down the start and finish time of your midterm. . The Honor Code Applies: “On my honor, I have neither given nor received unauthorized assistance on this examination, and I have abided by all other provisions of the honor code in taking this examination.” Signature: __________________________________ Printed Name: __________________________________ Please do not open the examination until you are asked to begin. Total Score: / 75 Page 1 of 6
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MS&E201 Dynamic Systems Spring 2008 May 12, 2008 Professor Edison Tse Problem 1: Short Answer (10 points) Country XYZ is experiencing severe social / health problems due to high smoking rates. To tackle this problem, the government has raised tobacco prices 5% each year for the past 5 years. However, smoking rates have only fallen by small amounts each year. The government, wondering if it should continue to raise tobacco prices, has outsourced this issue to two separate research firms. Research firm ABC, concluded that raising prices will eventually have a big impact on
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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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Midterm2008_solutions - MS&E201 Dynamic Systems Spring 2008...

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