Regarding Innovation in Economics:

1.Distinguish between product innovation and process innovations.

• 2.Outline the market failures that may deter innovation in the absence of public policies.

• 3.Explain the pros and cons of the patent system used for new inventions in the U.S.

• 4.Briefly discuss the pros and cons of genetically modified foods.

• 5.The relationship between market structure and innovation. Refer to Joseph Schumpeter

. • 6.How is innovation in an industry measured?

During 2020, Canadian resident Biff Johnson has calculated his Taxable Income to be $69,600.

Instructions:

Calculate Biff's 2020 federal Tax Payable before consideration of any tax credits. Complete the six (6) blanksin the table below:

You recently started working in at a University in the Math department as a software programmer. You need to build an app that can calculate the mod of two numbers. Users need to enter num1 and num2. The app should perform the calculation and display the output as num1 mod nub2 operation.

For example, 25 mod 5=0

24 mod 5 = 4

Once you implement the mod operations, then you need to add following buttons.

• Addition
• Subtraction
• Division
• Power

Follow these steps to complete the lab.

1. Create the android studio project
2. Use Android studio layout editor
3. Add textboxes and labels according to the UI
4. Add Button in the UI
5. Review the XML code of the design
6. Declare the variable before the oncreate function
7. Read the value from textboxes and assign it to the variable
8. Add the click event for the button
9. Display the output
10. Declare the variable before the oncreate function

What are the similarities and differences between discovery driven innovation and needs driven innovation? How successful would a discovery driven innovation be in the health care setting versus a needs driven health innovation?

Tanner (2012) stated that “no idea is too crazy or too wild”. What is meant by that statement? Explain how you have seen this implemented during a brainstorming session.

Do you agree that an organization that is not capable of innovation is doomed to decline and become extinct? What criteria would you use to assess whether or not the organization is innovating effectively?

Read the Criminal Justice Mental Health Court article on pages 15-18 of your course textbook. What were the assumptions that informed the design of this innovation? What is your initial reaction to this particular needs driven innovation?

Seller sells 4,000 diamonds to Buyer under Incoterms 2010 and loads them onto the HMS Bounty, a ship that is designated by the Buyer. Seller’s agent replaces 10 of those diamonds with fake ones and is caught after the HMS Bounty has sailed and quartered. The ship’s bill of lading states that the 4,000 diamonds were in proper condition and are genuine. Seller sends an SOS to the HMS Bounty informing the captain of this discovery and informs Buyer as well before the ship arrives at port. However, when the HMS Bounty docks, Buyer demands 4,000 genuine diamonds and sues the ship for the value of the 10 replaced diamonds. Do you think the HMS Bounty and its crew are liable?

A skydiver, weighing 180 lb (including equipment) falls vertically downward from an altitude of 4000 ft and opens the parachute after 10 s of free fall. Assume that the force of air resistance, which is directed opposite to the velocity, is of magnitude 0.75|v| when the parachute is closed and is of magnitude 10|v| when the parachute is open, where the velocity v is measured in ft/s. (A computer algebra system is recommended. Use g = 32 ft/s2 for the acceleration due to gravity. Round your answers to two decimal places.)

(a) Find the speed of the skydiver when the parachute opens.

(b) Find the distance fallen before the parachute opens.

(c) What is the limiting velocity v_L after the parachute opens?

(d) Determine how long the sky diver is in the air after the parachute opens.

e) Plot the graph of velocity versus time from the beginning of the fall until the skydiver reaches the ground.

8. What are the most important differences between public- and private-sector collective bargaining?