Detailed takeaways from the article " Vertical Integration is Dead, or is it? " by Osegowitsch, Madhok. 2003.

Q: Which of the following best defines the situation where one firm's research yields knowledge that is…

A: Technology spillover happens when a company's innovations have a positive effect on other businesses…

Q: c. The expected sales of each industry, q, are the sum of the demand from consumers and the demand…

A: Outcomes from point (a) and (b)  π = (a-1)l - F(1-γ) - γFN(N-1) y = l + n((a-1)l - F(1-γ) -…

Q: Is complete specialization more or less likely if production possibility frontiers exhibit…

A: Production Possibility curve: It refers to the curve that shows the various production levels for an…

Q: Distinguish between absolute and camparative advantage

A: Absolute advantage and comparative advantage are two very different terms.

Q: What is transaction cost theory? Examples with scenarios.....

A: Transaction costs are the costs associated with purchasing or selling a product or service.

Q: Doctrow uses the following terms to describe; Someone who puts capital into production and…

A: Production: It is a cycle of consolidating different material information sources and unimportant…

Q: Leontief model is used to analyze the interdependence of conomies. In this model you consider n…

A: The main idea behind the Leontief Input-Output Model is to study the flow of goods and services…

Q: Describe a constant production possibility frontier cost graph.

A: The objective of this question is to describe a constant production possibility frontier (PPF) cost…

Q: QUESTION 21 Corporations are carefully planned organizations, contrary to the common stereotypes.…

A: A corporation can be defined as a company that involves a group of people. Corporations are given…

Q: Consider an economy with two countries, China and the United States. China produces nontraded goods…

A: The consumer price index in the USA is given as The consumer price index in China is given as = For…

Q: what do you think are the problems/distortions capitalism as a global economic system generate in…

A: Food sustainability happens where all individuals are able to access enough secure and sufficient…

Q: If a country chose to produce twice as many wooden chairs as before, how would that affect its…

A: ​​​Law of increasing cost implies that if a producer increases the production of one good, then he…

Q: "In this 3 authors Baron, Drucker and Mitchell" please explain there ideas.

A: According to Baron, "Opportunities to produce something new that has the potential to yield economic…

Q: What are the criticisms of opportunity cost doctrine?

A: Opportunity cost is the cost associated with another alternative that might be considered if one is…

Q: Which of the below statements BEST captures the expressed views of the author,  Charles Wheelan, in…

A: Various economists wrote about their thoughts and observations about the changing behavior of…

Q: Which of the following is an accurate definition of capitalism? O capitalism is an economic system…

A: In capitalism, individuals and businesses have the right to own and control their own property and…

Q: In 1944, Churchill and Stalin agreed to a postwar division of Europe. Included in the agreement was…

A: A secret agreement during October 1844, Fourth Moscow Conference between the British prime minister…

Q: Who stated explicitly for the first time, the Law of Comparative Costs?

A: To find : Who stated above statement.

Q: Consider a Factory town model. Draw a market area graph for a single factory (hint: similar to…

A: Given, Cost of the shirt at the factory- 0.5 Cost of shirt at home- 1

Q: What does integration of Economies mean?

A: An economy is a complex system of interconnected production and consumption activities that govern…

Q: obinson is trapped on an island and can produce Fish (F) or Coconuts (C) with me. Let Lò and Lc…

A: Production possibility frontier (PPF) depicts the combination of two goods that can be produced by…

Q: According to the economic theory known as mercantilism

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: B. In 1651 the British established a colony in present day Suriname. In 1667, the British and the…

A: Economic analysis is the methodical way to deal with determining the optimum utilization of scarce…

Q: Microeconomics is the study of:     The gains from trade since we can only consume what we produce…

A: Micro economics facilitates easy understanding of our economic system.

Q: What are two areas in which economies of scale benefits are associated with group living? Provide an…

A: Economies of scale are value blessings firms expertise once production becomes economical, as prices…

Q: How is the Edgewroth Box diagram for exchange constructed?

A: In economics, an Edgeworth box, at times, alluded to as an Edgeworth-Bowley box, is a graphical…

Q: What are the disadvantages of free Enterprise capitalist economy

A: Free Enterprise capitalist economy  The free market commonly referred to as capitalism or free…

Q: Describe what mercantilism is.

A: Mercantilism was an economic philosophy and popular practice in Europe from the 16th to the 18th…

Q: in the context of a market system, which of the following statements is incorrect

A: In a market system, the allocation of goods and services is primarily determined by the forces of…

Q: Is educational technology still necessary when we go back to the traditional face to face classes?…

A: The sum of any skills, techniques, processes, and methods that are being used in the production of…

Q: A railroad can operate zero, one, or two trains a day along a certain stretch of track that borders…

A: A. To find the socially optimal number of trains, we need to find the point where the marginal cost…

Q: Briefly outlineSchumpeter’s theory of creative destruction and provide three examples of either…

A:

Q: Which of the following are benefits of "a cluster of firms?" Check ALL that apply.    knowledge…

A: A cluster of firms refers to a geographic concentration of interconnected businesses, suppliers, and…

Q: Invention, innovation, and diffusion occur in response to incentives within the economy, meaning…

A: Technological advancement is a core component of economic growth and development within capitalist…

Q: On 24 February 2022, Russian President Vladimir Putin gave orders for Russian troops to invade…

A: The easiest way to find the pure strategy nash equilibrium is to underline the maximum payoff of a…

Q: Ebenezer and Scrooge are two countries that can trade with each other. There are two items, (H) and…

A: Absolute advantage refers to the ability to produce more goods using same resources or same quantity…

Q: What are the key elements of the scientifific method and how does this method relate to economic…

A: The methodology used by economists to determine economic laws or values is the scientific method. To…

Q: explain how Lego gained global competitiveness by referring to Porter's Diamond Theory

A:

Q: Unit labour requirement for beer, in hours: ALB = 3 Unit capital requirement for beer, in hours: aKB…

A:

Q: The economies of North Korea and India are: different in that North Korea has a command system,…

A: The economies are classified into the command economies and market economies based on the type of…