(Answered) Consider a region where the self-suffi cient wage is

Management Studies

Consider a region where the self-suffi cient wage is constant at $4. Suppose the payoff from innovation in a city with population n (measured in thousands) is ( n ) 2 n 12 (n 10 ).

a. Suppose a group of 1 (thousand) workers form a city. Will other workers have an incentive to join the cluster?

b. Suppose a group of 9 (thousand) workers form a city. Will other workers have an incentive to join the cluster?

c. Compute the (stable) equilibrium size of the innovation city.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M91957281
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Would a shortened workday motivate employees to preform

Would a shortened workday motivate employees to preform better at their job? Why or why not.

Why was the federal reserve system set up with 12 regional

Why was the Federal Reserve System set up with 12 regional banks rather than one central bank as in other countries? Why was it made an independent quasi-governmental body and not a direct part of the federal government?

The real economy defined - the humansocial system or

The real economy ( defined - the human/social system or process for transferring material elements into higher order and more complex material composites to meet human needs and desires) cannot be used to reduced to pure ...

In class today we were discussing daniel goleman three

In class today we were discussing daniel goleman three motivational competencies self-awareness, self-regulation, and motivation. How could you apply them to personal and organizational issues I dont understand the conce ...

Consider the following cournot oligopolythere are two

Consider the following Cournot oligopoly: There are two identical firms in the industry, which set their quantities produced simultaneously. The two firms face a market demand curve, Q = 120 - P, in which Q = q1 + q2. Ea ...

How global management perspective course benefit your

How Global Management Perspective course benefit your personal and/or professional development? What did you find most beneficial about the course?

In a society where relationships are lineal and people are

In a society where relationships are lineal, and people are believed to be either good or bad, what kind of leadership style would you expect to find?

List two strategies for consulting stakeholders about the

List two strategies for consulting stakeholders about the vision and mission of the organization.

Identifynbspthe central ethical issues involved in the

Identify the central ethical issues involved in the following case: Six years ago Diane Carlson and Dina Sawyer founded a not-for-profit organization called Green Streams , which extracts recyclable materials from the w ...

Argue why wireshark should be outlawed and it is a clear

Argue why Wireshark should be outlawed and it is a clear violation of privacy act and then argue why it should not be out outlawed and that it is a vital resource to be freely used and does not violate the privacy act

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert