Market orders are to be executed as soon as possible after reaching the exchange floor. Limit orders must specify a price and a time limit, e.g. \Buy 500 at $90, good till canceled.\ A stop order differs from a limit order in that the order is only executed if the specified price, called the stop price, is touched. Stop orders become market orders when the stop price is reached

Primary Readings: DL-Chapter 4; JR-Chapter 3; Varian-Chapter 7 In most economic models, we start with an agent's utility function. The utility function basically maps from bundles that the agent might choose, to the real line. The utility function is quite convenient: it can be maximized and manipulated using mathematical tools. But the question is are we imposing some hidden or desirable assumptions when we take this approach ?prefeent's

Circle the best answer according to the passage A. he wanted to make sure the telephone number he dialed was correct B the man on the other end was very rude C. he was a policeman then D. he felt there might be something

2. B Power Cycles with Two-Phase Media (Vapor Power Cycles) [SB&vw-chapter 3, Chapter ll, Sections 11.1 to 11.7] In this section, we examine cycles that use two-phase media as the working fluid. These can be combined with gas turbine cycles to provide combined cycles which have higher efficiency

Reading Assignments: Lectures #3-4 PS#2: Chapter 2 of O&w Lectures #5-6& PS#3: Chapter 3 of o&w Exercise for home study (not to be turned in, although we will provide solutions)

REMINDER: Computer Lab #1 is due on October 8 REMINDER: Quiz 1 will be held from 7: 30-9: 30 p. m. Tuesday, October 14 in Walker Memorial. The quiz will cover material in Chapters 1-3 of o W, Lectures and Recitations

PROBLEM SET 7 Issued: October 28. 2003 Due: November 5. 2003 REMINDER: Computer Lab 2 is also due on November 7 Reading Assignments Lectures #14-15 PS#7: Chapter 7(through Section 7. 4)and Chapter 8(through Section 8.4) of o&W Lectures #16-18 PS#8: Section 7.5 and Chapters 8 and 9(through Section 9.6)of O&W Exercise for home study(not to be turned in, although we will provide solutions)

Reading Assignments Lectures #18-20 PS#9: Chapters 9 1l(through Subsection 11.3.4 )of O&W Lectures #21-22 PS#10: Chapters 10& 11(through Subsection 11. 3.4)of O&w Exercise for home study(not to be turned in, although we will provide solutions)

1. When you can measure what you are speaking about, and can express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowleage is of a meagre and unsatisfactory kind: It may be the beginning of knowledge, but you have scarcely in your thoughts advanced to the stage of science. Lord Kelvin, a physicist

产品是能够满足人的需要和欲望的任何东西。 product is anything that can be offered to satisfy a need or want