Incentives matter. Which of the below situations that find DOES NOT indicate a strong positive alignment of incentives with higher output and creativity?   Bill Gates dropped out of Harvard to found Microsoft, which made him one of the richest men on the planet and launched the computer revolution in the process - making all of us better off too.       When we are paid on commission we work harder.       "From each according to his abilities, to each according to his needs."

In 1973, two American scientists, Herbert Boyer and Stanley Cohen produced the first genetically modified organism in human history - a bacterium. Scientific advances quickly followed in their wake. The first genetically engineered animal (a mouse) was developed in 1974 and the first genetically engineered plant (a breed of tobacco) was developed in 1983. Around the same time, in 1980, the US Supreme Court allowed patenting of genetically engineered organisms. These developments let the genie out of the bottle for the seed industry. Noticing the potential to gain a monopoly position in the seed market, biotech companies began purchasing traditional seed producers and developing genetically modified crop seeds in late 80s. They were so successful in acquiring or merging with the traditional seed companies that soon there were only 6 major producers left in the entire seed industry: Monsanto, Bayer, BASF, Dow, DuPont and Syngenta. a. In the market for corn seeds, Monsanto is close to…

Suppose Michelle owns a women's clothing boutique. Each year, her total revenue is $300,000 and her explicit costs are $160,000. In addition, Michelle estimates that the opportunity cost of the resources she puts into her business is $90,000 per year. What is Michelle's economic Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Can labor specialization be a source of economies of scale (size) within a production plant? Why or why not? Can labor specialization be a source of diseconomies of scale (size)?

Parents offer to buy their son a new videogame if the kid gets an A in all his classes. Which economic principle are the parents trying to apply?   Group of answer choices People respond to incentives Trade can make everyone better off The real cost of something is what you give up to get it People face trade-offs