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10. "IBM is investing $3 billion in a private-public partnership with New York State, GlobalFoundries, Samsung and equipment vendors," to create ultradense computer chips (John Markoff, New York Times, July 9, 2015). TOTALLY MADE-UP SCENARIO: Suppose that during their affiliation, Samsung has paid IBM $200 million for creating a special version of these ultradense chips for Android products. Suppose further that the contract included certain requirements for size, speed and other qualities. Then suppose that after beta testing these chips, Samsung claimed that IBM's efforts failed to live up to their contractual agreements. (2 points each: 1 for explaining the concept, and 1 for applying it correctly) a. Was either party earning rent? What assumptions do you have to make to assert this? b. Was either party earning quasi-rent? What assumptions do you have to make to assert this? c. Could IBM have held up Samsung? And/or could Samsung have held up IBM? Explain
you have been hired in the finance department at a large metropolitan for-profit hospital. your duties are very
why is gdp important? list and explain the four spending components c g i x of gross domestic product. what are some
PARC Company has money to invest in an employee benefit plan and you have been chosen as the plan's trustee. As an employee yourself, you want to maximize the interest earned on this investment and have found an account that pays seven percent compou..
Calculate the conventional b/c ratios for alternate a. is alternate aeconomically justified and calculate the modified b/c ratio for alternate a. is alternate a economically justified?
Suppose a chocolate bar manufacturer promotes its products by advertising and opportunity to win a ‘free car’. Is this car free because the winner pays zero for it?
in one hour susan can either write one poem or mow two lawns and henry can either write two poems or mow three lawns. a
Describe how the role of the government affects each market structure's ability to price its products and discuss the effect of international trade on each market structure.
Suppose it is known that the distribution of earnings for government workers is relatively less disperse than that for workers in the private sector. Use the Roy model to explain which type of workers - skilled or unskilled
explain the influences on channel selection the targeted market segment the environment the products characteristics
Pam has made her best affordable choice of cookies and granola bars. She spends all of her weekly income on 30 cookies at $1 each and 5 granola bars at $2 each. Next week, she expects the price of a cookie to fall to 50 cents and the price of ..
At its profit-maximizing output, a pure nondiscriminating monopolist achieves: neither productive efficiency nor allocative efficiency. both productive efficiency and allocative efficiency. productive efficiency but not allocative efficiency.
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