Question: Please answer all questions. Explain every step! Every detail! No assumptions! 4. Newton said If I have seen further, it is by standing on the

Please answer all questions. Explain every step! Every detail! No assumptions!

4. Newton said "If I have seen further, it is by standing on the shoulders of giants . How is this quote related to the returns to technological progress (A)? and why is (A) diminishing returns?

8. Define fixed costs from innovation and give 3 real-life examples.

11. Total Cost function: = + . Calculate the Average Cost.

13. What is the price when there's perfect competition? Using this result, do you see an incentive for innovation? Why?

17. Why is imperfect competition needed for innovation?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Using the case study "ABC Company"provided and the articles "Bias Has No Place at Work" Please answer the questions. Thanks! ABC Corporation is an electronic device company selling cellular phones...

PLEASE ANSWER THESE QUESTIONS DONT COPY FROM INTERNET SOURCE PLEASE IT SHOWS PLAG c)What KEY FACTORS may determine the success for Gap Inc.? Explain THREE in your answer. d)Recommendations Make...

The CASE for Teamwork Sam Reynolds didnt expect to feel sad about not seeing Vancouvers sunrises most mornings. Thats because seeing one probably meant he pulled another all-nighter. As vice...

Could someone please answer the questions on the last slide CEO Wagoner blamed GM's misfortune on a number of factors. One of the most significant factors, he felt, was the "Great Recession" of 2008...

Please answer the questions referring to the CASE STUDY ATTACHED. please answer the questions fully and with elaborations and examples referring to the case study! thank you! its urgent. Q2 Applying...

Please read first document and then answer the second document's questions. Please answer the questions about 3 pages and use paraphrasing. Do not copy the article. Thank you! Personal Reections on...

Please answer these questions to the best of your ability using the information that you gathered from reading the chapter, along with information from your own work experience. 1. What are 3 reasons...

need help for questions 2-4! Please answer these questions to the best of your ability using the information that you gathered from reading the chapter, along with information from your own work...

Please answer all questions. I need Pestle analysis, 5 force analysis or VRIO analysis done and it needs to be on this case study: IKEA's international marketing strategy in china. 4. Markets with...

Express the function as the sum of a power series by first using partial fractions. Find the interval of convergence. f(x)2

Many states have introduced so-called 529 savings plans in recent years in order to encourage families to save money to fund their childrens college education. Under these plans a family can set...

Explain the appropriate accounting treatment for this lease in the municipality s financial statements if it is classified as a finance lease, including how the leased vehicles and lease liability...

The following project is at the end of its sixth week. \ table [ [ Activity , Predecessor ( s ) , \ table [ [ Duration ] , [ ( weeks ) ] ] , \ table [ [ Budget ] , [ ( $ )

2. I try to be as logical as possible

1. To understand the prerequisites for personal communication mastery.

2. To understand different focus areas for personal communication mastery.