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Question: What allowed for the recent explosion of patents in artificial intelligence or technological advancements? Explain what this would do to the PPF. As a result how would this impact GDP growth and the employment or unemployment rate? In the past, technological innovations created better working conditions for workers and fewer manufacturing but more service-sector jobs. However, the recent expansion has led to a different development in employment. Explain the disparity in types of jobs (see figure 3).lligence? Explain comprehensively.
1.why cant all the balance of payments accounts be in surplus? what factors determine the demand for british pounds in
Consider two firms i= 1,2 in a certain industry. They want to maximize their profit, they have no marginal cost of producing goods.
all energy sources have drawbacks. even the clean hydropower option has negative ramifications. weigh those against the
Identify and explain the tradeoffs you faced. List alternatives, identify highest valued alternative, and explain the particular course of action you chose.
Ilham Holiday sells vacation membership programmes whereby people can pay a membership fee and in return take so many holidays per year in resorts owned.
Suppose that a pharmaceutical company's costs include factory workers' wages, researchers' salaries, chemicals, warehouses, and paper and plastic packaging.
Swinging for Female Golfers One of the hottest areas of innovation is in clubs for women, who now make up nearly a quarter of the 24 million golfers.
How would an improvement in technology, like the high-efficiency gas turbines or Pirelli tire plant, affect the long-run average cost curve of a firm?
Mr. Paul is consuming products X and Y optimally and deriving total utility of 10 utiles. when his budget is increased from K80 to k81, his utility increases.
If you have a private-ownership right to something, what does this mean? Does private ownership give you the right to do anything you want with the things that you own? Explain. How does private ownership influence the incentive of individuals to
Brainstorm all the explicit and implicit costs associated with having a child over the course of one's lifetime. Create two list, one for explicit cost
The chain store paradox of an incumbent who accommodates a finite stream of potential entrants threatening to enter sequentially numerous markets illustrates
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