4) Explain in your own words the Knowledge Problem. How would you use the insights of the Economic Calculation Problem to understand an event that you have observed in your life, an event from the news, or an event in your life?

Which is better, lowering or raising taxes?  Explain and use example on how your choice is accurate.

http://money.cnn.com/2016/10/17/pf/taxes/trump-tax-plan/index.html

*Explain the difference between procedural and nonprocedural languages. Use specific procedural
and nonprocedural languages of your choice to illustrate the difference.
*Explain what is backtracking in Prolog systems, and why backtracking is necessary.
*Explain resolution and unification in Prolog, and their relationship.

*Write Prolog programs for the following problems:
a) Reverse a list.
b) Find the length of a list.
c) Find the average of a list of numbers.

*Write Scheme programs for the following problems:
a) Reverse a list.
b) Find the length of a list.
c) Find the average of a list of numbers.

Graphically show and explain how reservation wage related to the decision to work? Use your understanding of reservation wage to explain how it relates to labor force participation for women.

1.

Implement the recursive LU factorization algorithm in Python. Use plenty of

comments to explain your code. While you are coding, it is helpful to break up your code into sub-functions and test the sub-functions as you go along.

1. Implement the recursive LU factorization algorithm in Python. Use plenty of

   comments to explain your code. While you are coding, it is helpful to break up your code into sub-functions and test the sub-functions as you go along.

Q5 to Q6- Use your own words to explain the following items on income statement.

1. Costs of goods sold (COGS)
2. Selling, general, and administrative expenses (SG&A)
3. Depreciation
4. Interest expense
5. EBITDA
6. EBIT (also referred to as operating income)
7. Net income
8. Earnings per share
9. Retained earnings

In your own words:

1. (i) Use the Huygens principle to explain how plane parallel wavefronts are diffracted at a single aperture.

2. (ii) Use the principle of superposition to explain how coherent light emerging from two narrow slits can interfere to produce a pattern on a distant screen.

choose the conversion approach you would use if the company purchased a new AIS. Explain your choice, including the benefits. Discuss how you envision the testing process.