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Problem solving

Introduction

Everyone must have felt at least once in his or her life how wonderful it would be if we could solve a problem at hand preferably without much difficulty or even with some difficulties. Unfortunately the problem solving is an art at this point and there are no universal approaches one can take to solving problems. Basically one must explore possible avenues to a solution one by one until one comes across a right path to a solution. Thus generally speaking, there is guessing and hence an element of luck involved in problem solving. However, in general, as one gains experience in solving problems, one develops one's own techniques and strategies, though they are often intangible. Thus the guessing is not an arbitrary guessing but an educated one. In this chapter we are going to learn a framework for problem solving and get a glimpse of strategies that are often used by experts. They are based on the work of Polya. For further study, his book, and others such as Larson are recommended (but not required).

A framework for problem solving

The following four phases can be identified in the process of solving problems: (1) Understanding the problem

(2) Making a plan of solution

(3) Carrying out the plan

(4) Looking back i.e. verifying

Each of the first two phases is going to be explained below a little more in detail. Phases (3) and (4) should be self-explanatory.

Understanding the problem

Needless to say that if you do not understand the problem you can never solve it. It is also often true that if you really understand the problem, you can see a solution. Below are some of the things that can help us understand a problem. (1) Extract the principal parts of the problem.

The principal parts are:

For "find" type problems, such as "find the principal and return for a given investment", UNKNOWNS, DATA and CONDITIONS, and for "proof" type problems HYPOTHESIS and CONCLUSION. For examples that illustrate these, see examples below. Be careful about hidden assumptions, data and conditions.

(2) Consult definitions for unfamiliar (often even familiar) terminologies.

(3) Construct one or two simple example to illustrate what the problem says.

Devising a solution plan

Where to start?

Start with the consideration of the principal parts: unknowns, data, and conditions for "find" problems, and hypothesis, and conclusion for "prove" problems.

What can I do?

Once you identify the principal parts and understand them, the next thing you can do is to consider the problem from various angles and seek contacts with previously acquired knowledge. The first thing you should do is to try to find facts that are related to the problem at hand. Relevant facts usually involve words that are the same as or similar to those in the given problem. It is also a good idea to try to recall previously solved similar problems.

What should I look for?

Look for a helpful idea that shows you the way to the end. Even an incomplete idea should be considered. Go along with it to a new situation, and repeat this process.

Questions & Answers

differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
Gsbwnw Reply
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
Abdureman
types of unemployment
Yomi Reply
What is the difference between perfect competition and monopolistic competition?
Mohammed
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Source:  OpenStax, Discrete structures. OpenStax CNX. Jan 23, 2008 Download for free at http://cnx.org/content/col10513/1.1
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