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1. Why innovation so important for firms to compete in many industries?
2. What are some of the advantages of technological innovation? Disadvantages?
3. Why do you think so many innovation projects fail to generate an economic return?
In the 1790 Thomas Malthus predicted mass starvation because he believed population would always grow faster than out ability to increase agricultural production. Explain his theory in terms of diminishing returns to labor in the short run.
According to national income accounts, investment always equals savings in a closed economy. only in equlibrium would savings be equal to investment. hence, we are always in equlibrium. true or false.
Suppose that a change in the expected inflation rate leads supply and demand to adjust so that the expected real interest rate is unchanged at 3.0 percent.
Illustrate what are the net benefits of this program. What would the net benefits be at a discount reate of 2 percent.
wants to produce 1,000 more garments of clothing, so the economy moves from point A to point B. Illustrate what is the opportunity cost of 1,000 garments of clothing in the range between points A and B.
Assuming that land and labour are complements in a farming production function, what would happen to the wages earned by workers and the rents earned by landowners in Texas.
Compare performance of a single-price monopoly with that of perfect competition. Explain how price discrimination increases profit. Explain why monopoly can sometimes achieve a better allocation of resources than competition can.
What is the effect of a trade surplus? What is the effect of a trade deficit? How do trade deficits and surpluses affect the industry in which you work?
In the market for widgets, two firms sell identical products, compete by choosing the price at which they sell their product, and choose their prices at the same time. What will the equilibrium price and quantity be relative to what would occur if th..
Discuss the potential conflicts that might occur between that of IT and Operations Management. How might such issues be addressed and resolved.
Illustrate what potential conflicts of interest could arise in a management buyout in which the investment bank is also likely to be an investor.
Suppose a wage increase from $25 to $27 an hour increases the number of job applicants from 52 to 66. Illustrate what is the price elasticity of labor supply.
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