The Economics department offers a very popular Machine Learning course. If the number of seats in the class was determined by demand and supply, each class would have 500 students. Unfortunately, all the big classrooms are full which means each class needs to be capped at 100 students. Online classes and more sections are not possible. To be fair the Uoff offers a lottery. Everyone signs up and 200 students are chosen randomly. Can you finda way to make this process more efficient? Explain your reasoning

The Economics department offers a very popular Machine Learning course. If the number of seats in the class was determined by demand and supply, each class would have 500 students. Unfortunately, all the big classrooms are full which means each class needs to be capped at 100 students. Online classes and more sections are not possible. To be fair the Uoff offers a lottery. Everyone signs up and 200 students are chosen randomly. Can you finda way to make this process more efficient? Explain your reasoning

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter5: Supply, Demand, And Price: Applications

Section: Chapter Questions

Problem 5QP

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