MS
Maksym Shevchenko
Answers (6)
MS
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Which of the following creates products or services that become so widely used that they largely replace prior practices and competitors?
A) disruptive innovation
B) sustainability
C) sustaining innovation
D) transformational innovation
E) incremental change
A) disruptive innovation
B) sustainability
C) sustaining innovation
D) transformational innovation
E) incremental change
On Jul 08, 2024
A
MS
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A monopolistically competitive firm maximizes profit by producing where marginal revenue equals marginal cost.
On Jul 06, 2024
True
MS
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Suppose that Tip can write 3 pages of term papers or solve 12 workbook problems in an hour, while Spot can write 4 pages of term papers or solve 12 workbook problems in an hour.If they each decide to work a total of 7 hours and to share their output, then if they produce as many pages of term paper as possible given that they produce 18 workbook problems,
A) Spot will write term papers only and Tip will do workbook problems only.
B) Tip will spend all of his time writing term papers and Spot will spend some time at each task.
C) Spot will spend all of his time writing term papers and Tip will spend some time at each task.
D) both students will spend some time at each task.
E) Tip will write term papers only and Spot will do workbook problems only.
A) Spot will write term papers only and Tip will do workbook problems only.
B) Tip will spend all of his time writing term papers and Spot will spend some time at each task.
C) Spot will spend all of his time writing term papers and Tip will spend some time at each task.
D) both students will spend some time at each task.
E) Tip will write term papers only and Spot will do workbook problems only.
On Jun 08, 2024
C
MS
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Which oligopoly model(s) have the same results as the competitive model?
A) Cournot
B) Bertrand
C) Stackelberg
D) Both Cournot and Stackelberg
A) Cournot
B) Bertrand
C) Stackelberg
D) Both Cournot and Stackelberg
On Jun 05, 2024
B
MS
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Derive the relation between savings, domestic investment, and net capital outflow using the national income accounting identity.
On May 09, 2024
Start from the national income accounting identity,
(1) Y = C + I + G + NX.
Recall from Chapter 25 that national saving is the income that is left after paying for current consumption and government expenditure,
(2) S = Y - C - G.
Rearranging, (1) we obtain Y - C - G = I + NX, and substituting in (2)
(3) S = I + NX.
Because net exports also equal net capital outflow, we can also write this equation as
(4) S = I + NCO.
(1) Y = C + I + G + NX.
Recall from Chapter 25 that national saving is the income that is left after paying for current consumption and government expenditure,
(2) S = Y - C - G.
Rearranging, (1) we obtain Y - C - G = I + NX, and substituting in (2)
(3) S = I + NX.
Because net exports also equal net capital outflow, we can also write this equation as
(4) S = I + NCO.