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What is the optimal system of intellectual property rights to encourage innovation?
Empirical evidence from economic history can help to inform important policy questions that have been difficult to answer with modern data: For example, does the existence of strong patent laws encourage innovation?
What proportion of innovations is patented?
Is this share constant across industries and over time? How does patenting affect the diffusion of knowledge?
How effective are prominent mechanisms, such as patent pools and compulsory licensing, that have been proposed to address problems with the patent system?
Illustrate what would happen if too more labor is hired without an addition to capital. Elucidate using economic terms.
Due to a recession, demand for housing market decreases. Will this shift labour supply curve, demand curve or both. How will this affect wages and number of workers in home construction.
A computer-controlled milling machine will cost Ajax Manufacturing $65,000 to purchase plus $4700 to install. If the machine would have a salvage value of $6600 at EOY 20, how much could Ajax charge annually to depreciation of this equipment? Ajax us..
If the price increases by 10 percent, by how much does the quantity of household (a) natural gas and (b) electricity change in the short run and in the long run?
You are the marketing manager for Herman Miller, the company that sells the Leaf Personal Light in the US. The product was designed by Yves Behar, an entrepreneur and sustainability advocate. It is cool to the touch, has adjustable intensity and cons..
Describe the problem of “adverse selection” when health insurance is offered at a community rated premium? Define the term “community rated premium” as well. Is it possible to address the problem of adverse selection by increasing the premium level? ..
Assume that the market for wheat is perfect competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by TC = 1+Q+Q2 , which results in marginal cost of MC = 1+2Q. What..
Assume that you recently graduated and landed a job as a financial planner with Cicero Services, an investment advisory company. Your first client recently inherited some assets and has asked you to evaluate them. The client presently owns a bond por..
If nominal output is $5.28 trillion also the GDP deflator is 20 percent higher than what is the output in the base year other than real output.
A firm that makes car parts wants to adopt pay schemes that will best motivate its various workers to be productive and they hire you as a consultant.
Suppose that it take $100,000 of steel to produce $2,000,000 of cars. If the nominal tariff on steel is 10% for the steel and 20%for cars, what is the effective rate of protection for the steel industry?
Imperfect competition is the norm, so healthcare markets cannot work. Analyze this comment and explain your answer. The existence of market failure does not signal what should be done in response.
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