What are the possible advantages to the general welfare when firms make their technology automatically available to

Question:

What are the possible advantages to the general welfare when firms make their technology automatically available to others (while, of course, charging a price for use of the technology)?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

See More Books

Question Posted: Apr 12, 2016 07:17 AM

See More Questions

Sometimes a firm sells its receivables at a discount to a wholly owned captive finance company. This captive finance company is partly financed by the parent, but it also issues substantial amounts...
What are the possible sources of stress?
Temsa Global is an automotive company with factories in Adana, Adapazari, Egypt. It produces buses, minibuses, and light trucks in its factories in Turkey. The company started out its business as a...
Southern Stitches is a local casual clothing shop that makes a variety of t-shirt styles. Below is some actual vs. budget information for Southern's t-shirts for the month of May. Assume no...
Below are several scenarios related to control activities of a company? 1. A manufacturing company compares total sales in the current year to those in the previous year but does not compare the cost...
A central bank has decided to adopt inflation targeting and is now debating whether to target 5 percent inflation or zero inflation. The economy is described by the following Phillips curve: where u...
Define strain energy and resilience.
You have been provided with the following alphabetical list of accounts for Thaxted Ltd. for 2017. Use the information to prepare an income statement for the year ended December 31, 2017, and balance...
A solenoid has N turns of area A distributed uniformly along its length. When the current in this solenoid increases at the rate of 2.0 A/s, an induced emf of 75 mV is observed. Suppose the spacing...
Various doses of a poisonous substance were given to groups of 25 mice and the following results were observed: (a) Find the equation of the least squares line fit to these data. (b) Estimate the...
Explain how firms that share their technology with competitors benefit by improving their ability to compete against new entrants.
Using the data in Test Yourself Question 1, if the price of X to consumers is $9, and the government imposes a tax of $2 per unit, show that because suppliers get only $7, they will produce only 85...
The balance sheet of Goldstein Management Consulting, Inc. at December 31, 2013, reported the following stockholders equity: Stockholders Equity Paid- In Capital: Common Stock $ 10 Par Value; 200,000...
Blossom Limited reports the following information in its tax files covering the eight-year period from 2021 to 2028. All assets are Class 10 with a 30% maximum CCA and are eligible for the...
The base of a 500-ft plug is to be placed at a depth of 7,000 ft inside the open hole. The bit size is 8.5 in and the drill pipe is 4 " OD, 3.286" ID. Fifteen (15) barrels of water are to be pumped...
Using the traditional method, which bases decisions solely on a product s contribution to profits and overhead, what is the optimal product mix of super duper and deluxe and what is the overall...
QUESTION 3 (30 points) a) Discuss three reasons why international distribution is often more problematic than domestic distribution. Comment on how these problems might be overcome. b) What is price...
Hickory Company manufactures two products-15,000 units of Product Y and 7,000 units of Product Z. The company uses a plantwide overhead rate based on direct labor-hours. It is considering...
Once the derivative of the sine function is known, the derivative of the cosine function can be found using the chain rule. Determine whether each statement is true or false, and explain why.
Does log 81 (2401) = log 3 (7)? Verify the claim algebraically.
Explain how innovative entrepreneurs have contributed to the exceptional growth in the U.S. economy.
Discuss how education funding in the United States differs from many other developed nations and explain how this affects U.S. students scores on international achievement tests.
In recent decades, how have poverty and inequality changed in the United States? Discuss how these trends might affect future economic growth.
A rhino is charging at you, so decide to sedate it with a tranquilizer gun angled at 40 as shown above. The tranquilizer gun can reach a horizontal distance of 49 m when angled at 45. (Assume ideal...
What is the definition of motivation and how can the chef foster an environment of motivation in the kitchen? What methods can a chef implement to motivate the kitchen team? What factors contribute...
Article Review Read the article. Link is given below: https://www.projecttimes.com/articles/avoid-the-top-three-real-causes-of-scope-creep.html Post your thoughts on this article, add references if...

What are the possible advantages to the general welfare when firms make their technology automatically available to

Question:

Step by Step Answer:

To conclude I can say that the rapid disseminating ...View the full answer

Economics Principles and Policy

Students also viewed these Economics questions