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R&D and growth
a. Why is the amount of R&D spending important for growth? How do the appropriability and fertility of research affect the amount of R&D spending?
Howdo each of the policy proposals listed in (b) through (e)affect the appropriability and fertility of research, R&D spending in the long run, and output in the long run?
b. An international treaty ensuring that each country's pat- ents are legally protected all over the world.
c. Tax credits for each dollar of R&D spending.
d. A decrease in funding of government-sponsored confer- ences between universities and corporations.
e. The elimination of patents on breakthrough drugs, so the drugs can be sold at a low cost as soon as they be- come available.
The demand curve for the firm's output in the second market is P2 = 80 - 2Q2, where P2 is the price of the product and Q2 is the amount sold in the second market. The firm's marginal cost curve is 5 + Q, where Q is the firm's entire output (destin..
The price elasticity of demand for a firm's product is equal to -1.8. the firm currently sells 4,000 units per day at a price of $2. if the firm increases its product price by 10%, then how much can it approximately sell
Calculate b1, the slope of an OLS regression line using dollars spent as the dependent variable (Y) and age as the independent variable (X). Consider the follow data on moviegoer spending on snacks: Dollars Spent (Y) Age (X) 8.50 30
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This machine will have an estimated service life of 10 years with a salvage value of 10% of the investment cost. Its annual net revenues are estimated to be $50,000. To expect a 20% rate of return on investment.
A heavily indebted government may end up in a vicious circle, where increasing debt leads to higher interest rates and lower growth, which increases debt even faster with subsequent even higher interest rates and lower growth etc.
An economy can produce a maximum of either 28 million tons of wheat or 7,000 automobiles, or various intermediate quantities, as depicted in the table below: Wheat (millions of tons) A=28,B =27,C= 25,D= 22,E =18,F= 13,G= 7,H =0 Automobiles (thousa..
a contractor make improvements to a business rental for a fixxed price of $64,000. With this improvement you can obtain additional rent payments of $1,200 per month.estimate the improvements will cause extra monthly expenses of $50 for property ta..
A monopolistic firm has a sales schedule such that it can sell 10 prefabricated garages per week at $10,000 each, but if it restricts its output to 9 per week it can sell these at $11,000 each.
the worker doing the mathematical operation by hand in 32 seconds, and with the computer application, the operation is doing in 16 seconds with a 50 % of improvement. (theoretic - experimental)/theoretical *100% is the used formula for the 50%
suppose a random experiment can be represented by 2 sets of events ai and bj with each pair of sub events a1 and a2 and
Three assets are being considered. Assets A, B and C have natural lives of 4, 5 and 6 years and costs of $12,000, $20,000 and $30,000 respectively. There will be no salvage value at the end of each assets life. market value decreases in a straight..
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