5. Suppose that in a closed economy GDP is $1,100 million, consumption is $750 million, and taxes are $200 million. What value of government purchases would make national savings equal to $100 million and at that value would the government have a deficit or surplus?
A. $100 million, deficit
B. $100 million, surplus
C. $150 million, surplus
D. $250 million, deficit
E. $250 million, surplus

6. Which of the following statements is (are) correct?
(x) If an economy is closed with private saving equal to $2 trillion, national saving of $3 trillion, consumption of $7 trillion, government purchases of $1 trillion and no transfer payments, then GDP is $11 trillion.
(y) In a closed economy, if Y remained the same, but G rose, T rose by the same amount as G, and C fell but by less than the increase in T, then both private and national saving would fall.
(z) In a closed economy, if private saving exceeds investment then G is greater than T and the government is experiencing a budget deficit.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (x) only

1)

A) Determine whether Rolle's Theorem can be applied to f on the closed interval [a, b]. (Select all that apply.)

f(x) = (x − 1)(x − 2)(x − 8),  [1, 8]

Yes, Rolle's Theorem can be applied.

No, because f is not continuous on the closed interval [a, b].

No, because f is not differentiable in the open interval (a, b).

No, because f(a) ≠ f(b).

B) If Rolle's Theorem can be applied, find all values of c in the open interval (a, b) such that f '(c) = 0.  (Enter your answers as a comma-separated list. If Rolle's Theorem cannot be applied, enter NA.) c =

2)

A) Determine whether Rolle's Theorem can be applied to f on the closed interval [a, b]. (Select all that apply.) f(x) = x^2/3 − 2,    [−8, 8]

Yes, Rolle's Theorem can be applied.

No, because f is not continuous on the closed interval [a, b].

No, because f is not differentiable in the open interval (a, b).

No, because f(a) ≠ f(b).

B) If Rolle's Theorem can be applied, find all values of c in the open interval (a, b) such that f '(c) = 0.  (Enter your answers as a comma-separated list. If Rolle's Theorem cannot be applied, enter NA.) c =

Q1. Why Economic system is important for any country?   

Q2. Based on your understanding of economic system, find out which economic system shall be focusing on more creativity and innovation? Explain your answer by focusing on:

a) Name of the country with type of the system and justification?   

b) Discuss any two problems for the chosen economic system.   

Q1. Why Economic system is important for any country?   

Q2. Based on your understanding of economic system, find out which economic system shall be focusing on more creativity and innovation? Explain your answer by focusing on:

a) Name of the country with type of the system and justification?   

b) Discuss any two problems for the chosen economic system.   

Using a model of production isoquant curves and isocost curves explain how a firm with a Cobb-Douglas production function will meet its quota for producing a necessary level of output while minimizing costs. How would this firm choose among competing production technologies or change its production when it implements an improved technology (innovation)?

Where do community level theories “fit” into the Ecological Framework OR the Theory of Triadic influence presented at the beginning of this course? Could we use concepts/constructs from BOTH diffusion of innovation AND Social Capital Theory in an intervention to increase the use of a new community walking trail? What constructs or ideas from each could be targeted and how?

Part 1. Identify if our health care system uses reference pricing and identify how it would benefit consumers and payers of health care services benefit. Visit CMS and conduct additional research.

Part 2. What are the economic goals CMS is attempting to achieve through The Centers for Medicare and Medicaid Services Innovation and why?

Case study

2A) Please kindly provide five reasons why this business is considered as an innovation.

2B) As far as setting up a new business venture is concerned, what are the five key lessons that that we can learn from the experience of Espresso Mushroom?

http://www.innovation-portal.info/resources/case-study-espresso-mushroom-company/

-What is the competitive advantage of Detroit Bikes? Brand? Low-cost? Innovation? Niche? Diversification? Please explain. How would you characterize their target market and brand?

-Noting all we have discussed in the course this far, what would you suggest is the best strategy to grow the business? What are the opportunities and risks with this growth strategy?

Where do community level theories “fit” into the Ecological Framework OR the Theory of Triadic influence presented at the beginning of this course? Could we use concepts/constructs from BOTH diffusion of innovation AND Social Capital Theory in an intervention to increase the use of a new community walking trail? What constructs or ideas from each could be targeted and how?