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Question 1: Is our carbon-based economy a case of technological "lock-in"? Is there a way out? Are you optimistic about the extent to which technology will mitigate the possible effects of climate change? Why or why not? What are the implications of this problem in relation to the social and private returns to invention.
Question 2: What explains the rise in the productivity and output of corn in the United States during the past century? What is behind the regional differences in the adoption of new hybrids? Is it a case of backwardness? How does Griliches make his argument about the process of diffusion? What might be the policy implications of this case study?
Question 3: What characterizes the structure of the corn industry in the US. today? What are the implications for human food supply? To what extent do these trends represent examples of the ethical dimensions of technological change, as well as its contribution to improvements in the well-being of humans.
Question 4: What are the implications of the bias of technological change in relation to the distribution of income? What is Leontief's View? Compare and contrast the relevant readings and sources in relation to this question.
What are the rationalizable strategies for each player in a game of matching pennies? Please elaborate on how you find them?
Determine the present worth of a ten-year project whose first cost is $16,701, net-annual benefit of $2,500, and salvage value of 2000. Assume an annual compounded interest rate of 8% a year.
Is an editor practicing a price discrimination by Charging more for hardcover books than paperback books because the cost of producing hardcover books is higher
The standard deviation of the advising department and the thesis instructor is 5.6 minutes and 4.3 minutes respectively.
Based on the relative motion between these two plates, is the distance between San Francisco and Los Angeles becoming greater or shorter over time?
Global warming is a situation with massive externalities. The independent actions of billions of people affect the lives of billions of people - you and I inclu
Describe price discrimination. What conditions have to exist in order for a business to be able to price discriminate?
Describe the type of business that will be opening (retail, corporate, franchise, etc.) As the new business owner, select the best structure for the business
Assume that Sally has the following utility function: U = B2 + 4Z2. Sally’s income is $200, PB equals 1 and PZ equals 4. Determine the quantity demanded of Z. Show all of your work. (Hint: draw a couple of indifference curves prior to solving this ma..
What is an externality? Provide at least three examples. How does one of the examples you provided affect the market outcome?
Hy Marks buys a one-year government bond on January 1, 2012, for $500. He receives principal plus interest totaling $545 on January 1,2013. Suppose that the CPI is 200 on January 1, 2012, and 214 on January 1, 2013. Find the nominal interest rate, th..
Explain and illustrate graphically the effect of the following on the monetary base and the level of reserves. The Fed lends the Bank of America additional $20 million but depositors withdraw $5million. Central bank purchases $30 million of governmen..
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