What is the best practices frontier
Course:- Microeconomics
Reference No.:- EM13700209

Assignment Help
Assignment Help >> Microeconomics

1. What is the best practices frontier? How does this relate to competitive advantage?

2. Explain why rent seeking competition tends to dissiapte rents-to drive them down so that there are no abnormal rents?

3. Jack Welch is heralded as a great leader of General Electri (GE). His strategy to acquire companies in different lines of business based on the requirement that each business in GE was to become #1 or #2 competitor in the industry is touted as being particularly brilliant. While very successful, could there have been a fundamental flaw in Welch's strategy?


4. What type of compensation policy would you expect to observe in an indutry with rapidly changing technology?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
Examine the individual organization's compensation challenges and industry competition. As a team, you are required to develop an incentive plan that encourages an organizat
Assume that there is another boom in the U.S. stock market. As a result we would expect: Assume there is an increase in domestic economic growth in the United States. As a res
What are the necessary conditions for positive equilibrium prices and quantities? (b) What is the economic interpretation of the parameter "f"? (c) What will be effect (increa
Why do you suppose regulators are allowed by their legislative mandates considerable flexibility with respect to pricing, but are not allowed to subsidize firms out of gener
w=10, r=25. The price of output is constant at $50. The production function is f(L,K) = L^.5K^.5.If the current capital stock is fixed at 1600 units, what is L* in the short r
Project labor authorization for January 2017 and What is the estimated budget for the recruitment exercise if the estimated cost of recruiting one employee during the period w
Now suppose that all firms are revenue maximizers, taking prices as given, subject to a zero-profit constraint. Why is it difficult to contemplate an equilibrium in a case
a.What happens to the reserves of the bank b.What happens to the money supply in the economy as a whole if the reserve requirement is 10%, all payments are made by check, an