Consider the following technology: C(yi) = y3i − 8y2i + 36yi
Many firms have access to this technology, in fact so many that there is not room for all to profitably operate in the industry. Market demand for the product is given by P = 2420 − Y
where Y is market quantity.
a. If these firms are price takers, and entry/exit is costless, what is the long run free entry equilibrium per-firm quantity produced by each firm in the industry? Explain.
b. Do you have enough information to determine the number of firms who operate in such a long run free entry equilibrium? If so what is the number and justify your solution. If not explain what other information you would need.
c. Is the price-taking behavioral assumption sensible for this industry?
In: Economics
Use the following information for questions 36-48
Transcendent Technologies is deciding between developing a complicated thought-activated software, or a simple voice-activated software. Since the thought-activated software is complicated, it only has a 30% chance of actually going through to a successful launch, but would generate revenues of $50million if launched. The voice-activated software is simple and hence has a 80% chance of being launched but only generates a revenue of $10million. The complicated technology costs 10million, whereas the simple technology costs 2million.
If the simplified version costs $2 million and its probability of success is 75%, whereas the cost of the complicated version is $10million, what is the minimum probability of success for the complicated version that would make the firm indifferent between the two software?
| a. |
0.32 |
|
| b. |
0.3 |
|
| c. |
0.33 |
|
| d. |
0.31 |
In: Economics
This week we will address health assessment (ch 7) and technology (ch 8) as part of the policy process we discussed week 1 (problem definition, see page 7-8). The readings are really important this week as we begin to study the processes of policy analysis. After reading and skimming the Ppts, please answer the following.
-Discuss your interests or concerns in terms of technology in the healthcare workplace.
-Offer an example. What improvements can be made to this system for a benefit to patients?
-Relate this to chapter 8 in terms of the process, regulation, and opportunities you see.
Please minimum 1200 words, please.
Reference:
Health Policy Analysis: An
Interdisciplinary Approach. 2nd ed.
McLaughlin, C.P., McLaughlin, C.D.
Jones and Bartlett. (2015)
ISBN: 978-1284037777
In: Biology
Seniors want to use technology to stay connected, read magazines and emails, share photos and ideas, listen to music, find recipes and discount coupons and much more. The Ontario Society of Senior Citizens Organizations (OSSCO) offers a variety of computer training opportunities, including using self-help instructions on iPad technology. Consulting with 20 seniors helped OSSCO develop these self-help instructions for both individual users and trainers who work with seniors. The ages of the seniors are listed below.
What is the median of the observations?
77 74 72 82
92 80 67 95
71 94 75 98
82 68 87 69
74 87 76 79
A. 82.5
B. 78
C. 80.5
D. 74
In: Statistics and Probability
After an initial analysis of your client’s potential security threats, the management has agreed to secure its remote access to internal resources by rolling out a VPN and firewall solution. The client’s management team has asked that you present two proposals: an entry level and high end. For the entry level solution, feel free to look into open source technologies. For the premium recommendations, look into products from Cisco or F5. Please remember that the target audience is a non-technical management group, so use language they would understand. Your proposal should include the following: VPN Proposal 2: Technology Name: Description: Advantages/Disadvantages: Estimated Cost: Firewall Proposal 2: Technology Name: Description: Advantages/Disadvantages: Estimated Cost:
In: Computer Science
1. To test H0: o=40 versus H1: o< 40, a random sample of sizen=29 is obtained from a population that is known to be normally distributed.
a. If the sample standard deviation is determined to be s=36.2, compute the test statistic.
b. If the researcher decides to test this hypothesis at the a= 0.10 level of significance, use technology to determine the P-value.
c. Will the researcher reject the null hypothesis?
2.To test H0: o=4.9 versus H1: o ≠ 4.9, a random sample of size n=19 is obtained from a population that is known to be normally distributed.
(a) If the sample standard deviation is determined to be s=6.1, compute the test statistic.
(b) If the researcher decides to test this hypothesis at the a=0.05 level of significance, use technology to determine the P-value.
(c) Will the researcher reject the null hypothesis?
In: Statistics and Probability
Find an example of an industry that has undergone a technological paradigm shift in recent years. What happened to the established companies as that paradigm shift unfolded? This module requires you to analyze the industry environment in which your company is based and determine if it is vulnerable to a technological paradigm shift. With the information you have at your disposal answer the following questions: What is the dominant product technology used in the industry in which your company us based? Are technical standards important in your industry? If so what are they? What are the attributes of the majority if customers purchasing the product of your company? What does this tell you about the strategic issues that the company is likely to face in the future? Did the dominant technology in your industry diffuse Rapidly or slowly? What drove the speed of diffusion?
In: Economics
Blogging Assignment
"bloggers" are responsible for posting news articles and offering brief commentary on them.
The Rules:
1) Anything "bloggers" post must specifically pertain to the
field of technology or e-marketing. As you are aware, these fields
are wide open and have many interesting and varied topics within
it, so you should have a lot of material to choose from. Look to
newspaper articles, management journals, company PR sites,
information on new technology pertaining to e-marketing, Internet
articles, and so on for material.
2) Articles must be less than one year old.
Note that good blogs provide a URL, a short description of the article, and some commentary (point out controversy, offer some opinion on it, etc) on the article. For "bloggers", this criteria will be used to help determine your grade.
In: Operations Management
Blogging Assignment
"bloggers" are responsible for posting news articles and offering brief commentary on them.
The Rules:
1) Anything "bloggers" post must specifically pertain to the
field of technology or e-marketing. As you are aware, these fields
are wide open and have many interesting and varied topics within
it, so you should have a lot of material to choose from. Look to
newspaper articles, management journals, company PR sites,
information on new technology pertaining to e-marketing, Internet
articles, and so on for material.
2) Articles must be less than one year old.
Note that good blogs provide a URL, a short description of the article, and some commentary (point out controversy, offer some opinion on it, etc) on the article. For "bloggers", this criteria will be used to help determine your grade.
In: Operations Management
Business Law
You are one of nine partners of MobileWorks, a partnership organized to manufacture and sell mobile networking devices. You receive an email from a start-up competitor, NetraNet, who is interested in hiring you immediately in a highly-paid leadership position. The rumor is that NetraNet is rapidly developing more advanced networking technology than MobileWorks. You would be eager to manage the new technology. However, the MobileWorks partnership agreement states that no partner can leave the partnership without giving sixty days’ notice to the other partners. You know that waiting sixty days would be too long and you would miss out on key opportunities at NetraNet. Considering partnership law and the business implications, evaluate the decision to leave the MobileWorks partnership immediately to join NetraNet.
In: Accounting