Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

Watch video on youtube Y2 32) Technological Change - Invention, Innovation, Efficiency, Barriers to Entry Or visit the link https://youtu.be/InLrm4sHFtQ After watching the

Watch video on youtube "Y2 32) Technological Change - Invention, Innovation, Efficiency, Barriers to Entry"

Or visit the link

https://youtu.be/InLrm4sHFtQ

After watching the video, answer the following questions:

1.What is technological change?

2.When does innovation leads to creative destruction?

3.Discuss why firms in a market economy have incentives to engage in technological change.Explain.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Economics

Authors: Stephen Smith

6th Edition

0199583587, 9780199583584

More Books

Students also viewed these Economics questions

Question

★★★★★

What are some of a firms tax attributes? Why is an acquirer concerned with the effect of an acquisition on a target firms tax attributes?

Answered: 1 week ago

Question

★★★★★

A sphere is created with half the radius of the original sphere. What is the ratio of the volume of the original sphere to the volume of the new sphere? A. 1:8 B. 8:1 C. 2:1 D. 1:2 E. 4:1

Answered: 1 week ago

Question

★★★★★

2. Knowing the importance of metacognition, Joanna Pappas decided she would try to focus her young students attention on their own thinking skills. Joanna knew by having her students think about...

Answered: 1 week ago

Question

★★★★★

Why must firms have reliable suppliers when using just-in-time methods?

Answered: 1 week ago

Question

★★★★★

Saved Help Save & Exit A company's balance sheet shows: cash $27,000, accounts receivable $33,000, equipment $56,000, and equity $75,000. What is the amount of liabilities? Multiple Choice $116,000...

Answered: 1 week ago

Question

★★★★★

Alaska Airlines has one employee working the baggage desk at Fairbanks International Airport. A customer arrives on the average of once every 4.5 minutes, and it takes on average 3 minutes to process...

Answered: 1 week ago

Question

★★★★★

Assume that an MNC has the following U-shaped long run average cost curve (AC), where Q stands for qua of ourpol AC B C AC1 AC2 F If this MNC is destroying value by undertaking negative NPV project,...

Answered: 1 week ago

Question

★★★★★

The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ Sales Current assets 20,200 Costs 13,900 Fixed assets $ 11,960 Debt 31,950 Equity $ 16,480...

Answered: 1 week ago

Question

★★★★★

The ledger of Sunland Company contains the following balances: Owner s Capital $ 2 8 , 9 0 0 , Owner s Drawings $ 2 , 1 0 0 , Service Revenue $ 5 1 , 0 0 0 , Salaries and Wages Expense $ 2 6 , 4 0...

Answered: 1 week ago

Question

★★★★★

When patients do not pay their bills, and the practice is forced to write off the account, the amount owed is classified as __________ in accounting terms." Group of answer choices Bad Debt Accounts...

Answered: 1 week ago

Question

★★★★★

Sue's product mix problem. Sue's Crackpot Pottery Company is a one-person operation (headed by Sue) set up to make small handcrafted pottery items. Sue has designed two products, a turned flowerpot...

Answered: 1 week ago

Question

★★★★★

1. To gain an understanding of the fact that relationships are something more than only cause and effect chains.

Answered: 1 week ago

Question

★★★★★

3. What is meant when we say that people with a Protestant character exhibit manipulative behaviour?

Answered: 1 week ago

Question

★★★★★

An improvement in the exchange of information in negotiations.

Answered: 1 week ago

Previous Question Next Question