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

What is technological diffusion? Describe the two models of technological diffusion. Which of these models do you think is accurate in describing the global and social digital divide, and why?

That the free flow of goods and capital creates economies of scale is not necessarily a good thing. Economies of scale encourage increased production which can lead to significant externalities, like pollution. Please provide a counter argument for the above statement

Production possibilities for two producers and merchants, Eric and Stan, are shown in the table below. Suppose both Eric and Stan are initially independent producers. Eric is producing 160 loaves of bread and 20 logs of wood. Stan is producing 120 logs of wood and 30 loaves of bread. Eric's Production Possibilities (monthly) Bread (loaves) Wood (logs) Stan's Production Possibilities (monthly) Bread (loaves) Wood (logs) 200 0 150 0 160 20 120 30 120 40 90 60 80 60 60 90 40 0 80 100 30 0 120 150 Eric and Stan are considering an arrangement of specialization and trade. If they specialize according to comparative advantage and agree on a trade of 30 loaves of bread for 20 logs of wood, then OA. Eric will have the same number of loaves of bread, but he will have more logs of wood. OB. Stan will have the same number of logs of wood, but he will have more loaves of bread. OC. Stan will produce 150 logs of wood, keep 130, and trade 20 to Eric in exchange for 30 loaves of bread. OD. Eric will…

You can think of the result in any one game as being Hilary’s marginal free-throw percentage. Based on your previous answer, you can deduce that when Hilary’s marginal free-throw percentage is below the average, the average must be (falling/rising). You can now apply this analysis to production costs. For a U-shaped average total cost (ATC) curve, when the marginal cost curve is below the average total cost curve, the average total cost must be (falling/rising) . Also, when the marginal cost curve is above the average total cost curve, the average total cost must be (falling/rising). Therefore, the marginal cost curve intersects the average total cost curve (at its maximum/at its minimun/when the ATC is at 0).

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In todays economy, what are some examples of intrastate commerce? In other words, what business does not affect interstae commerce?

the attached econ28, can you double check to see if the answer is correct.  Next, on the attached econ29, can you help me place where the symbol goes on each graph