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Direction: Each question must be 200-250 word count. References and citation must be cited and/or included. No plagiarism
Q1) Which of Porter's five forces has the greatest effect on risk taking to achieve success? Why?
Q2) Thinking about the ideas expressed by David Teece and Michael Porter, how can innovation be sustained as organizations evolve? What role (if any), is there for a servant leader mindset? Would the servant leader mindset help ensure innovation? Why or why not?
The golden rule capital per worker k^GR is the level of capital per worker that maximizes consumption per worker at the steady state. Write the expression of the steady state consumption per worker c* as a function of k and derive the golden rule ..
Nominal GDP uses current prices as a measure of the value of goods and services produced, while real GDP uses prices of goods and services in a base year to measure value. Suppose an economy consists of three goods: pizza, sodas, and televisions.
In the economy of Wrexington in 2008, consumption was one-half of gdp, government purchases were $2000 more than investment, investment was one-sixth of gdp, and the value of imports exceeded the value of exports by $500.
She estimates that the total cost of operating the office is approximately $48,000 per year. The potential revenue is estimated as $100,000 per year. Compute accounting cost, accounting profit, conomic cost, and economic profit.
Consider the following version of the Stackelberg model. There are two firms, 1 and 2. 1 is the leader and chooses its quantity first. 2 is the follower and chooses its output after 1 chooses. They produce identical goods and so if q1 = is 1's out..
Bill Oranges/ Apples 20/ 0 10/ 10 0/ 20 Brian Oranges/ Apples 10/ 0 5 /15 0/ 30 Explain who has a comparative advantage in the production of oranges and who has the advantage in the production of apples.
Suppose GM reduces all of its existing workers from a 50 hour work week to a 40 hour work week but does not lay anyone off or hire anyone new. How will the unemployment rate change as a result How will the growth in GDP change
You and a friend get together to start a business, based on your friend's patent of a new and better ice cream scoop. Because you have the patent, you are the only producer of this product. You are in charge of marketing.
A farmer believes there is a 50-50 chance that the next growing season will be abnormally rainy.His expected utility function has the form Expected utility=1/2lnYnr+1/2lnYr, where Ynr and Yr represent the farmer's income
How does the topics in Chapter 7, Chapter 8 & Chapter 9 link to this case study?
Determine h and k such that the solution set of the system
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