Short answers Assignment Example | Topics and Well Written Essays - 750 words

Short answers - Assignment Example g reasoned arguments to politically justify economic policy at the national level to explain and influence company strategy at the level of the firm, or to provide intelligent advice for household economic decisions at the level of household. Opportunity cost is about the value of forgone production and these increases as the quantity of a good produced increase. The rationale here is that the law of increasing opportunity cost is fundamental to the production and supply of goods. In general, as the economy increases the quantity supplied of a good the opportunity cost increases. And if cost is higher, then sellers need a higher price, resulting in the law of supply. Q4a.When the population becomes more educated with time as the number of high school drop outs falls and the number of college graduates rises, generally it will affect positively the country’s production. This no doubt brings about the development of a key and the principal factor of production which is the human resource. Q4b. When the unemployment rate declines by 8 to 6 percent of the labour force this means that the income and demand levels of the labour force will increase by 2% assuming that other things remain constant. This effectively means that production will increase to cater for this new demand. Q4c. Businesses and government are unable to solve a major computer problem, thus reducing economic efficiency and national output. What this means is that technical efficiencies will go down the drain adversely affecting production levels. In this scenario we expect mega decrease in production hence economic decline. Q4d. Advances in telecommunications and new technology significantly contribute to economic growth over time. This will boost technical, communication and service efficiencies and thus indeed motivate companies to increase their production to impressive levels. In the final analysis, it will spur economic growth leading to a major boom. Q4e. The Federal government decides to

Artificial Intelligence Techniques Used In Autonomous Cars Research Paper

Artificial Intelligence Techniques Used In Autonomous Cars - Research Paper Example The robots ultimately take over their creators (Rouse). Physically, a robot contains the same components as humans have. In this scenario, a robot has some kind of motor, a portable physical structure, a power supply, a sensor system and a processing system "brain" that is responsible for controlling all of these components. Fundamentally, robots are human created forms of animal life but actually, they are machines which are intended to replicate human and animal behavior (Harris; Berlin). Artificial Neural Networks According to (Stergiou and Siganos), an artificial neural network is a data processing model that is inspired by the method of biological nervous systems information processing. Neural Network is also a renowned and heavily researched area of the AI. Stergiou & Siganos (2010) described that in the neural network field the working of the human neuron is copied into the computer-based systems. In addition, the neural network is an AI-based computer program which imitates t he human nervous systems’ working. It is based on the neural net which has weights on each node that can be adjusted to make suitable decisions. Such systems are typically seen in automatic driving systems that are under-research and at the early stages of development (Stergiou and Siganos; Laudon and Laudon). Autonomous Cars An autonomous car, is also known using a number of other names such as self-driving cars, driverless cars or robot cars. Basically, these cars are designed using artificial intelligence techniques with the purpose of supporting the human transportation facilities which are provided by a traditional car. In view of the fact that it is an autonomous vehicle, hence it can sense its atmosphere and navigate without requiring human interaction. Though, until now these robotic cars are mostly used as demo systems and prototypes, however, it is expected that in the future they will become more common.