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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.
Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following p..
If you were a manager at PepsiCo, would you try to convince your colleagues that introducing the new soft drink is the most profitable strategy.
illustrate the effect of an increase in P2 on the consumption of both x1 and x2. Label income and substitution effects for both goods.
Assume which two people, Michelle also James every live alone in an isolated region. They every have the same resources available also they grow potatoes also raise chickens.
Indicate how Ford's management should use this information to make sound strategic decisions.
assume that the price of feeders drops by 50%. How would this change impact the demand for feeders? Explain your answer and reconstruct the graph developed in question one to show this change. Assume that incomes of the consumers in thi..
Open a Word document and insert the image by pressing the Ctrl+V keys simultaneously. Give reasons to explain what the government would have to do to keep the unemployment rate at 3 percent
Demand for good X has been estimated at Qxd = 12-3Px+4Py. Suppose that good X sells at $2 per unit and good Y sells at $1 per unit. Calculate the own price elasticity.
What happens to the money supply, interest rates, investment spending and GDP. Describe the impact of rational self-interest on each.
What percentage of this loss will the insurance company pay? How much of the loss will George and Nancy have to absorb?
Illustrate what happens to the equilibrium price and quantity in each market. Which product experiences a larger change in price.
Given that the demand for tickets is a binomial random variable with parameters n = 10 and p = 1/2, illustrate how many tickets should she buy in order to maximize her expected profit.
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