PART A: Answer
any 5 of the questions A.1 – A.7. Do not answer additional
questions. This part is worth 15% of the exam.
and give a specific
An inverse matrix
PART B: Answer
of the questions B.1 – B.3. This part is worth 30% of the
Why is “1” a critical value in terms of Location Quotients? If the Location
Quotient of some industry is greater than one, what does this mean for the area
whose Location Quotient this is?
Why do all suppliers want to price discriminate?
Why don’t all suppliers price discriminate?
PART C: Answer
of the questions C.1 – C.2. Do not answer additional
questions. This part is worth 55% of the exam.
Outline the structure of an input-output model (including assumptions about
supply and demand). What is an inverse matrix? Why is inverting a matrix
significant in terms of input-output analysis?
Describe a Linear Programming (LP) Problem. Specifically, describe (you can
use an example):
Primal Linear Programming Problem
Dual Linear Programming Problem
Interpretation of the Primal Linear Programming Problem
Interpretation of the Dual Linear Programming Problem
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