Which of the Below Categories of Artificial Intelligence (AI)is Used

question 15

Multiple Choice

Which of the below categories of artificial intelligence (AI) is used extensively in the finance industry to analyse situations where the logic or rules are unknown?

• A) Expert system
• B) Virtual reality
• C) Neural network
• D) Genetic algorithm

Analyze the conditions under which a firm is considered a perfect or imperfect competitor in the labor market.

Calculate the total wage bill for a given number of workers and wage rate.

Apply the concept of Marginal Physical Product (MPP) and its role in determining labor demand.

Fill in economic tables related to labor, output, and revenue to analyze labor market decisions.

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Definitions:

Attribution Theory

A psychological theory that explains how individuals interpret events and how this relates to their thinking and behavior.

Informational Cue

A piece of information or signal that provides guidance or prompts a reaction or behavior in a certain context.

Consensus

A general agreement among the members of a group or community, often reached through discussion and compromise.

Punishment Decisions

The process of determining appropriate penalties for violations of rules, policies, or social norms.