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Consider the model of innovation and technology diffusion with two countries:
a) Analyze graphically the effect of a reduction in the proportion of labour employed in the research sector in the follower country on the technology ratio and on the rate of technological progress in the follower country at the new steady-state. Explain briefly.
b) Represent graphically the evolution of production per worker in the follower country during the transition towards the new steady-state. Explain briefly.
c) What will be the impact of this change for the cost of imitation, or technology adoption, in the follower country. Explain briefly.
For what values of Z does Heidi accept two independent plays of the bet? iii) is is possible for Heidi to reject the single bet but accept the aggregate bet?
What are the key features of the consumption function? What causes consumption to rise or fall? Does the level of consumption deserve concern today?
How much of each good does Alice buy as well as how much does she work.
Illustrate what is the effect on the marketplace for an hour of babysitting services in Middling today, during this increased birthrate.
an estimate of the demand function for household furniture produced the following resultsf 0.0036y 1.08 r0.16 p 0.48
While negotiating the future amount, Wylie notes that he would be willing to take no less than $5,700 if he has to wait a year. What is his TVOM in percent?
consider a homogeneous product industry with inverse market demand given by p 1100 - 2q there is currently one
It was reported that the price of kerosene heaters skyrocketed and the number purchased increased during this time.
On the same day, the San Francisco Chronicle had an article with the headline "Sharp Drop in Bay Area Home Sales"
q.it is now january 1 2012. today you will deposit 1000 into a savings account that pays 8.a if the bank compounds
Semiconductor chips are used to store information in electronic products, such as personal computers. One of the early leaders in the production of these chips was Texas Instruments (TI).
How can you justify existence of government-granted monopolies for such public utilities as local telephone service, natural gas.
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