What are heuristic functions and informed search strategies. Provide examples and present your written findings. You must write a 3-page essay in APA format. You must include 3 scholarly reviewed references that are DIRECTLY related to the subject. Graded Assignments are required to stimulate learning. Each assignment is due between Sunday evening by 11:50 p. m. EST. of the respective week. Provide documented evidence, in Moodle, of completion of the chosen exercise (i. e. provide answers to each of the stated questions). Detailed and significant scholarly answers will be allotted full point value. Incomplete, inaccurate, or inadequate answers will receive less than full credit depending on the answers provided. All submissions need to directed to the appropriate area within Moodle. Late submissions, hardcopy, or email submissions will not be accepted. Plagiarized submissions or the use of word substitution will result in a grade of zero.

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?