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PRODUCTIVITY AND TECHNOLOGY-EXAMPLES OF INNOVATIONS
Recent innovations are increasing productivity. Go to the Timeline of Historic Inventions at www. wikipedia.org/wiki/Timeline_of_invention. Scroll down until you find the inventions made starting in the 1940s. Look at them and later inventions. Cite five technological "home runs" (for example, the transistor in 1947) and five technological "singles" (for example, the personal stereo in 1977). Which one innovation do you think has increased productivity the most? List two innovations since 1990. How might they have boosted productivity?
how has the world wide allowed supported the establishment
Two planes leave JFK airport at the same time, one flying north at 500 mph and the other south at 600 mph. In how many hours will they be 4400 miles apart?
Discuss the following statement: "When a change in a country's nominal interest rate is caused by a rise in the expected real interest rate, the domestic currency appreciates. When the change is caused by a rise in expected inflation, the currency..
Assume the players are monopolists, but the teams are competitive in the labor market. Calculate the marginal revenue product of labor (MRPL) and find the equilibrium wage and quantity of labor.Find the equilibrium wage and quantity of labor.
Although self-employed workers have the option to purchase private health insurance, many do not, due to adverse selection. Suppose half the population is healthy and half is unhealthy. The cost of getting sick is $1000 for the healthy and $10,000..
The construction of a dam will cost $1,000 at time 0, $500 in year 1, and $500 in year 2. It will be completed at the end of year 2. From year 3, maintenance costs will be $100 per year through year 10. From years 11 on, maintenance costs will be ..
In a hypothetical economy, the annual velocity of money is 10,and level of real output is $800 billion. In year 1, the economy'smoney supply is $100 billion and in year 2 it is $112 billion.Calculate the rate of inflation between years 1 and 2
1. Find average cost and average for each of these total cost curves: a. TC = 10 + 2Q, b. TC = 5 + 3Q, c. TC = 20 - Q + 2Q2, 2.A firm's marginal cost of production is at $5 per unit, and its fixed costs are $20. Draw its total, average, and average..
Appalachian Coal Mining believes that it can increase labor productivity and, therefore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equip..
Find the times and locations at which the velocity is zero.
a using lad estimate the parameters in the following modelexpendi m1 m2agei m3ownrenti m4incomei m5incomei2 vib
A monopolist has two types of customers. There are 100 of type A, who will each pay up to $10 for a single unit of goods, and 50 of type B, who will each pay up to $8. Neither is willing to purchase additional units at any price. If it must charge..
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