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on 08-Mar-2017 (Wed)

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Flashcard 1428208880908

Tags
#cfa #cfa-level-1 #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4 #summary
Question
The interaction of buyers and sellers in a market results in [...].
Answer
equilibrium

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and form) as a negatively sloped demand curve. The supply function represents sellers’ behavior and can be depicted (in its inverse supply form) as a positively sloped supply curve. The interaction of buyers and sellers in a market results in <span>equilibrium. Equilibrium exists when the highest price willingly paid by buyers is just equal to the lowest price willingly accepted by sellers.<span><body><html>

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SUMMARY
ay’s global economy, an understanding of the demand and supply model is essential for any analyst who hopes to grasp the implications of economic developments on investment values. Among the points made are the following: <span>The basic model of markets is the demand and supply model. The demand function represents buyers’ behavior and can be depicted (in its inverse demand form) as a negatively sloped demand curve. The supply function represents sellers’ behavior and can be depicted (in its inverse supply form) as a positively sloped supply curve. The interaction of buyers and sellers in a market results in equilibrium. Equilibrium exists when the highest price willingly paid by buyers is just equal to the lowest price willingly accepted by sellers. Goods markets are the interactions of consumers as buyers and firms as sellers of goods and services produced by firms and bought by households. Factor markets are the i







Flashcard 1442667433228

Tags
#sister-miriam-joseph #trivium
Question
The three arts of language provide discipline of mind inasmuch as [...]
Answer
mind finds expression in language.

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The three arts of language provide discipline of mind inasmuch as mind finds expression in language. The four arts of quantity provide means for the study of matter inasmuch as quantity—more precisely, extension—is the outstanding characteristic of matter

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Flashcard 1442863254796

Tags
#sister-miriam-joseph #trivium
Question
The four arts of quantity provide means for the study of matter inasmuch as quantity—more precisely, extension—is [...]
Answer
the outstanding characteristic of matter

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The three arts of language provide discipline of mind inasmuch as mind finds expression in language. The four arts of quantity provide means for the study of matter inasmuch as quantity—more precisely, extension—is the outstanding characteristic of matter

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Flashcard 1486396460300

Tags
#deeplearning #neuralnetworks
Question
The Bernoulli distribution is [definition]. It is controlled by a single parameter φ ∈ [0 , 1] , whic h gives the probability of the random v ariable b eing equal to 1. It has the following prop erties: P φ ( = 1) = x (3.16) P φ ( = 0) = 1 x − (3.17) P x φ ( = x ) = x (1 ) − φ 1 − x (3.18) E x [ ] = x φ (3.19) V ar x ( ) = (1 ) x φ − φ
Answer
a distribution ov er a single binary random v ariable

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The Bernoulli distribution is a distribution ov er a single binary random v ariable. It is controlled by a single parameter φ ∈ [0 , 1] , whic h gives the probability of the random v ariable b eing equal to 1. It has the following prop erties: P φ ( = 1) = x (3.16) P

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