Assume that you own an exhaustible resore that is sold competitive,and the marginal cost of extraction at year t is given by:
Ct=5+0.5t+0.05t^2,
where t=0 at the beginning of 2010.it is also known that the interest rate is 7% per annum and the demand for the resource is:
Qt=100-Pt,
where Qt and Pt represent output level in,tons and price in year t respectively.
a)suppose that the price in year 2020 is anticipated to be 100, what were the prices,user costs and production level of the resource in 2015 and 2016?
b)if the market were monopolized in2017,what were the optimal production rule in that period?

The idea that you as an innovator have important choices has been a running, albeit largely implied, subplot of our journey thus far. Your earlier exercises saw you choose 1 problem out of 10 for you to solve. You also got to choose, if you recall, what skills you would apply to your problem, thereby “co-forming” the problem and the solution.

We trust that your choice-making wasn’t random. Hopefully, a good deal of your process was based upon your understanding of how important the given problems are to you and your awareness of the skills that you can bring to bear on the solution.

Knowing what choices you need to make, as well as when and how, is an important part of being a user innovator. Particularly if user innovation for you is a path to entrepreneurship.

Making choices is at the heart of this specific evolution. Your goal here is to think about diffusion of your innovation, that is, the spread of your innovation in society. As Eric von Hippel describes it, you have a sequence of overarching choices when it comes to diffusion:

– Whether to diffuse your innovation or not;

– If you choose to diffuse, you have a choice to diffuse your innovation via “Peer-to-Peer”, “Via the Market”, or both. Indeed, dual diffusion is possible. In fact, some innovations lend themselves quite well for dual diffusion. Take Google, for example: using Google for search is free, but not free if you want to advertise;

– Then you have a choice to license your innovation or to produce it yourself;

– And if you choose to produce your innovation yourself, you have a choice as to the kind of company you wish to build.

In case some of this sounds new, that’s okay. Just take a look at Modules 4 and 5 again. In Module 4, in particular, Eric distills this choice sequence.

When you’re ready, think about and provide answers to the following questions:

1) Do you choose to diffuse your innovation or not? Why? For the purposes of this exercise, we actually ask you to assume that you are choosing to diffuse your innovation. Otherwise, the remainder of this exercise would be irrelevant for you.

2) Do you plan to diffuse Peer-to-Peer, Via the Market, or both? What is your thinking for why you’re making your choice?

3) If you plan to diffuse Peer-to-Peer, what is important for you to think about in order to increase the chances that your innovation is adopted?

4) Do you wish to license your innovation or to produce it yourself? How do you think about this choice?

5) Ultimately, whether your choice is to distribute Via the Market, or Peer-To-Peer, what kind of venture do you want to build and what is important for you to think about to make that dream a reality?

We very much hope that you enjoy this process of introspection and analysis, and that it leads you closer to being the best user innovator that you can be.

You can innovate.

Write for yourself a simple sentence that describes the difference between Civil Service (Merit System) and Collective Bargaining. Then write a sentence that demonstrates your understanding of the conflicts that can arise between politically appointed executives and the Career Civil Service

1. Describe the role of Unions in modern manufacturing plants. In what ways do Unions protect workers?

2. As a manager, dealing in collective bargaining with Unions, what are three areas which you feel must be negotiated? What would your stance be on those issues?

3. List the steps in a common grievance procedure.

4. How do ethics factor in during negotiations of a collective bargaining agreement?

5. As a supervisor, describe three situation where you would be forced to make an ethical choice. For example, you have two qualified employees, one of whom is 25 years old, single, Caucasian female and the other is a 45-year old African-American male who has more experience. What ethical considerations would you face as a supervisor or potential employer?

Collective Bargaining. SDBC Holdings, Inc., acquired Stella D'oro Biscut Co., a bakery in New York City. At the time, a collective bargaining agreement existed between Stella D'oro and Local 50, Bakery, Confectionary, Tobacco Workers, and Grain Millers International Union. During negotiations to renew the agreement, Stella D'oro allowed Local 50 to examine and take notes on the company's financial statemtn and offered the union an opportunity to make its own copy. Stella D'oro, however, would not give Local 50 a copy. Did Stella D'oro engage in an unfair labor practice. Discuss. [SDBC Holding, Inc. v. National Labor Relations Board, 711 F.3d 281 (2d Cir. 2013)] (See Labor Unions)

Answer in paragraph form:

Strategic entrepreneurship, and the innovations that follow, is recognized as an extremely important leadership activity. Review the opening case: Entrepreneurial Fervor and Innovation Drive Disney’s success. Discuss methods that management can employ to incorporate an entrepreneurial spirit and innovation into organizations.

1) Describe how leadership can achieve employee commitment when developing an organization’s vision that fosters innovation?

2) What kind of metaphors can leaders use to drive innovation in an organization? Site some examples!

Two Scholarly References required.

Discuss the basic steps of the program evaluation. Do you believe that the 2016 State of Evaluation Report by Innovation Network appropriately followed all those steps? Were there any additional steps possibly overlooked by the Innovation Network? Defend your argument with examples.

The S&P 500 and the Dow Jones Industrial Average indices are proxies for the broader US stock market. You notice one day that the S&P 500 closed UP by 0.20%, while the DJIA closed DOWN by 0.20%.  

Explain how it is possible for one proxy (S&P 500) to have a positive return while the other (DJIA) has a negative return on any given day. Include in your explanation some names that could have caused this discrepancy. Which return (S&P 500 or DJIA) is more indicative of the 'true market return'?

To facilitate your analysis, please refer to the link below that shows the components of the S&P 500 and DJIA.  Hint: Recall the S&P 500 contains the largest 500 US companies where the weight of each name is proportional to its market value. The DJIA is a price-weighted index comprised of select 30 names representing certain industries.