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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?
Assume that an individual consumes two goods, X and Y. The total utility (assumed measurable) of each good is independent of the rate of consumption of other good. The price of X and Y are respectively $40 and $60.
You can find the data, with interpretation, at The Conference Board at http://www.conferenceboard.org/economics/consumerConfidence.cfm.
Why might a profit-maximizing firm offer such a large raise?
What are some procedures in connection with dispelling going concern questions?
Suppose the demand for Cardinal's World Series tickets is Qd = 48, 061 ? 2.4P (for the purposes of this problem, we will suppose that fans do not care where they sit). The Cardinals play at Busch Stadium, which has a seating capacity of 46,861. Th..
Families USA, a monthly magazine that discusses related to health and health costs, surveyed 30 of its subscribers. It found that the annual health insurance premiums for a family with coverage through an employer averaged $16,469.
What is required if firms are to have an incentive to maintain their reputations? How might the good reputation of existing firms serve as a barrier to the entry of new firms?
If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by what percentage would your real income (approximately) increase? If your nominal income rose by 2.8 percent
Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, where w is the wage in millions of dollars.
find her optimal level of savings and consumption plan. How is savings affected by changes in the interest rate and the discount factor d? Explain your results.
Compared to last year, more television sets are being bought while the selling price has fallen. This could have caused by:
If you pool all of the data and use OLS, what are you assuming about unobserved student characteristics that affect performance and attendance rate? What roles do SAT score and prior GPA play in this regard
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