Ebook Economics - Principles, problems, and policies (20/E): Part 2
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Ebook Economics - Principles, problems, and policies (20/E): Part 2
Ebook Economics - Principles, problems, and policies (20/E): Part 2
WEB CHAPTER 13Technology, R&D, and Efficiency www.mcconnell20e.comLearning ObjectivesLO13W.1 Differentiate between an invention, an innovation, and te Ebook Economics - Principles, problems, and policies (20/E): Part 2echnological diffusion.LO13W.2 Explain how entrepreneurs and other innovators further technological advance.LO13W.3 Summarize how a firm determines its optimal amount of research and development (R&D).LO13W.4 Discuss how technological change can increase profits by raising revenues or lowering costs Ebook Economics - Principles, problems, and policies (20/E): Part 2.WEB CHAPTERLO13W.5 Relate why firms can benefit from their innovation even though rivals have an incentive to imitate it.LO13W.6 Discuss the role ofEbook Economics - Principles, problems, and policies (20/E): Part 2
market structure in promoting technological advance.LO13W.7 Show how technological advance enhances productive efficiency and allocative efficiency.WeWEB CHAPTER 13Technology, R&D, and Efficiency www.mcconnell20e.comLearning ObjectivesLO13W.1 Differentiate between an invention, an innovation, and te Ebook Economics - Principles, problems, and policies (20/E): Part 2ets/ by examining such topics as invention, innovation, R&D decision making, and creative destruction. Your instructor may (or may not) assign all or part of this chapter.-UOa.The Demand for ResourcesLearning ObjectivesLO14.2LO14.3LO14.4LO14.5LO14.6Convey how the marginal revenue productivity of a r Ebook Economics - Principles, problems, and policies (20/E): Part 2esource relates to a firm's demand for that resource.Discuss the determinants of elasticity of resource demand.List the factors that increase or decreEbook Economics - Principles, problems, and policies (20/E): Part 2
ase resource demand.Explain the marginal productivity theory of income distribution.Determine how a competitive firm selects its optimal combination oWEB CHAPTER 13Technology, R&D, and Efficiency www.mcconnell20e.comLearning ObjectivesLO13W.1 Differentiate between an invention, an innovation, and te Ebook Economics - Principles, problems, and policies (20/E): Part 2 demand for educated, productive workers like you.To learn more about the demand for labor and other resources, we now turn from the pricing and production of goods 312ơnỡ services to the pricing and employment of resources. Although firms come in various sizes and operate under different market con Ebook Economics - Principles, problems, and policies (20/E): Part 2ditions, each has a demand for productive resources. Firms obtain needed resources from households—the direct or indirect owners of land, labor, capitEbook Economics - Principles, problems, and policies (20/E): Part 2
al, and entrepreneurial resources. We shift our attention from the bottom loop of the circular flow model (p. 43), where businesses supply products thWEB CHAPTER 13Technology, R&D, and Efficiency www.mcconnell20e.comLearning ObjectivesLO13W.1 Differentiate between an invention, an innovation, and te Ebook Economics - Principles, problems, and policies (20/E): Part 2s. Although the discussion is couched in terms of labor, the principles developed also apply to land, capital, and entrepreneurial ability. In Chapter 15 we will combine resource (labor) demand with labor supply to analyze wage rates. In Chapter 16 we will use resource demand and resource supply to Ebook Economics - Principles, problems, and policies (20/E): Part 2examine the prices of, and returns to, other productive resources. Issues relating to the use of natural resources are the subject of Chapter 17.SigniEbook Economics - Principles, problems, and policies (20/E): Part 2
ficance of Resource PricingLO14.1 Explain the significance of resource pricing. Studying resource pricing is important for several reasons:•Money-incoWEB CHAPTER 13Technology, R&D, and Efficiency www.mcconnell20e.comLearning ObjectivesLO13W.1 Differentiate between an invention, an innovation, and te Ebook Economics - Principles, problems, and policies (20/E): Part 2esources How as wage, rent, interest, and profit incomes to the households that supply those resources.•Cfttt minimization To the firm, resource prices arc costs. And IO obtain the greatest profit, the firm must produce die profit maximizing output with the most efficient (least costly) combination Ebook Economics - Principles, problems, and policies (20/E): Part 2of resources. Resource prices play the main role in determining the quantities of land, labor, capital, and entrepreneurial ability that will be combiEbook Economics - Principles, problems, and policies (20/E): Part 2
ned in producing each good or service (sec Table 2.1, p. Ỉ9).•Resource allocation J list as product prices allocate finished goods and services to conWEB CHAPTER 13Technology, R&D, and Efficiency www.mcconnell20e.comLearning ObjectivesLO13W.1 Differentiate between an invention, an innovation, and te Ebook Economics - Principles, problems, and policies (20/E): Part 2icient allocation of resources over time calls for the continuing shift of resources from one use to another. Resource pricing is a major factor in producing those shifts. Ebook Economics - Principles, problems, and policies (20/E): Part 2WEB CHAPTER 13Technology, R&D, and Efficiency www.mcconnell20e.comLearning ObjectivesLO13W.1 Differentiate between an invention, an innovation, and teGọi ngay
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