which is less efficient and completely ignores fairness. We conclude that iSLIP’s superiority in fairness comes with only a minor degradation of throughput. Hence iSLIP seems to achieve a great balance between performance‚ throughput and fairness. 1. INTRODUCTION Input-Queued (IQ) switches are massively used in network design. The central problem in designing an input-queued switch is the scheduling algorithm that decides which packets should be transfered from input ports to output ports
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Fundamental Economic Concepts: Introduction CHAPTER 1: 1. Risk is best thought of as a. the chance that the actual return will be zero or negative b. the chance that the actual return will differ from the expected return c. the chance that the expected return will be lower than what investors demand d. the chance that the expected return will be incorrectly estimated 2. Which of the following is INCORRECT about risk-averse investors? a. They always try to minimize their risk regardless
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Face-to-face vs. Electronic Communication We’re living in an age where e-mail‚ Facebook and digital connections are the rule‚ and face-to-face interactions start to become the exception. With the ability to exchange information via e-mail‚ chat and presentations over the web‚ face-to-face interactions with people seem to be unecessary. This is a harmful assumption that many people make. Without face-to-face communication intimacy is lost‚ there is greater misunderstanding‚ and people become
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other people’s lives. When making decisions for health care issues‚ I think about what I can do that can help the majority of the people involved‚ as opposed to helping just one person in general‚ “distributive justice” (Burkhardt & Nathaniel‚ 2012‚ p. 81). The video‚ People Face a Terrifying Moral Dilemma (BuzzFeedBlue‚ 2015)‚ depicts three scenarios in which people must decide who is protected from imminent death‚ and who will not be protected. With scenario one‚ the decision is easy for me. I
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Introduction to Economics and the Economy 1. Limits‚ Alternatives‚ and Choices © The McGraw−Hill Companies‚ 2009 IN THIS CHAPTER YOU WILL LEARN: 1 The definition of economics and the features of the economic perspective. 2 The role of economic theory in economics. 3 The distinction between microeconomics and macroeconomics. 4 The categories of scarce resources and the nature of the economizing problem. 5 About production possibilities analysis‚ increasing opportunity costs‚ and economic growth. 6
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Chapter 1: Limits‚ Alternatives and Choices The fundamental economic problem Scarcity: – The basic economic problem arises because resources are limited‚ but human wants are unlimited. – Scarcity. . . means that society has limited resources and therefore cannot produce all the goods and services people wish to have. What is economics? • Economics is the study of how individuals and economies deal with the fundamental problem of scarcity. • Scarcity forces individuals‚ firms
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How People Make Economic Decisions Vivian Shellmire University of Phoenix‚ ECO/212 How People Make Economic Decisions People make economic decisions daily by deciding how much of all things available they will buy and what prices they are willing to pay for the resource or services. Through individual decision-making of people regarding supply demands for their needs and wants‚ it is businesses who decide what and how many goods are to be sold‚ and at what prices to sell to consumers
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Chapter 1 Solutions to Practice Questions Questions for Review 2. The opportunity cost of seeing a movie includes the monetary cost of admission plus the time cost of going to the theater and attending the show. The time cost depends on what else you might do with that time; if it’s staying home and watching TV‚ the time cost may be small‚ but if it’s working an extra three hours at your job‚ the time cost is the money you could have earned. 4. Policymakers need to think about
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Nothing can replace the value of face-to-face communication. However in a growing business‚ traveling to meet with customers and team members is not always feasible or economical. We communicate over email and phone‚ but even then‚ messages get misinterpreted and a sense of personal connection is never truly established or maintained. In fact‚ it’s said that over 90% of how we communicate is through nonverbal cues like gestures and facial expressions. With that said‚ one cannot underestimate the
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Part A – Microeconomics: Question 1: Indicate whether each of the following changes in price cause total revenue to increase‚ decrease or remain unchanged? Explain why. (2 marks each) a Price falls and demand is elastic; b Price rises and demand is elastic; c Price falls and demand is unitary elastic; d Price rises and demand is unitary elastic; e Price falls and demand is inelastic. Question 2: a Define‚ describe and illustrate with a diagram‚ one opportunity cost
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