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Q1. Explain the role culture may play in influencing entrepreneurship both at the individual and social level. Define culture in your response.
Q2. Present the case of the importance of institutions in the type and level of entrepreneurship. In your response refer to the works of William Baumol, Peter Blair Henry and Conrad Miller, and Mancur Olson. Define institutions.
Q3. Some scholars say that psychological factors may play a huge role in the reasons why some of us are entrepreneurs, while other scholars seem to disagree (e.g. Scott Shane in The Illusions of Entrepreneurship). Explain.
Q4. Explain the structure of a typical venture capital partnership and how it usually proceeds to invest funds into new companies.
Q5. Robber Barons have often been seen as quasi monopolists who built up huge fortunes on the back of consumers. Do you think the examples of Vanderbilt, Rockefeller, and Hill tend to prove this interpretation of 19th century American capitalism? Can Kirzner's theory help us here? Explain why.
How many tickets to sell to maximize total welfare.
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
Define Mercantilism, Pick a country and talk about the products they import and export with the U.S.A. Also talk about the composition of trade with relation of abundance of the two countries
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Depict the von Neumann-Morgenstern utility index u in a diagram
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Calculate whole expected convenience from each restaurant option and also compare?
Describe the Schumpeterian notion of "creative destruction"
Calculate gross national product and net national product
What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.
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