What occurs when new technology makes another one obsolete, Microeconomics

+44 141 628 6080
[email protected]

What occurs when new technology makes another one obsolete

Explain what occurs when a new technology makes another one obsolete in terms of economic profit. Consider firm A to be an existing firm using the old technology. Firm B is the new firm with the new technology. Firm A earned positive profits for years, but with the entrance of Firm B, Firm As goods and services are no longer desired.

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What occurs when new technology makes another one obsolete

Reference No:- TGS040075

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : What will be the behavior of y as x tends to infinity

What will be the behavior of Y as X tends to infinity. Give an example where such a model will be appropriate. Is this a linear regression model?

Q : Audit procedure that might detect lapping

In the audit of a client's financial statements, the auditors must be concerned with the possibility that client personnel might be engaged in kiting or lapping. a. Define lapping and describe an audit procedure that might detect lapping.

Q : Who are the winners and losers from trade restrictions

How did the Bretton Woods system operate? What caused its collapse? Some think the current system of managed but floating rates is too unstable. What would generate the instability?

Q : Output capacity determination

Assume that the store manager decides to reduce the number of regular lines from 2 to 1 between 7 p.m. and 9 p.m. and closes the express line between 6 a.m. and 8 a.m. and 10 p.m. and midnight. What is the revised capacity for Sundays?

Q : What occurs when new technology makes another one obsolete

Explain what occurs when a new technology makes another one obsolete in terms of economic profit. Consider firm A to be an existing firm using the old technology.

Q : How much can clark claim

Clark, a widower, maintains a household for himself and his two dependent preschool children. For the year ended December 31, 2012, Clark earned a salary of $36,000.

Q : Calculate the net pay

The federal income tax withholding is 15% of gross earnings for Jessica and 20% for Moses Both Jessica and Moses have been employeed all year. a. Calculate the net pay for both Jessica and Moses for March.

Q : Determining the cost of preferred issue

A company just issued at $3.20 cumulative preferred stock at a price to the public of $30 a share. The flotation costs were $1.50 a share and the issue will be retired in 20 years at its $30 par value. What is the cost of this preferred issue?

Q : What is amount of his american opportunity credit allowed

Keith has a 2012 tax liability of $2,250 before taking into account his American Opportunity credit. He paid $2,700 in qualifying expenses, was a full-time student, was not claimed as a dependent on his parents' return, and his American Opportunit

1958140

Questions
Asked

3,689

Active Tutors

1456094

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What occurs when new technology makes another one obsolete

Reference No:- TGS040075

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What will be the behavior of y as x tends to infinity

Q : Audit procedure that might detect lapping

Q : Who are the winners and losers from trade restrictions

Q : Output capacity determination

Q : What occurs when new technology makes another one obsolete

Q : How much can clark claim

Q : Calculate the net pay

Q : Determining the cost of preferred issue

Q : What is amount of his american opportunity credit allowed

Which are forms of media bias

Which is a criticism of marxist/conflict theories

What when people get involved in community and social change

Examine gender inequality on a global scale

How code of suburbs differs from the code of street

Problem regarding culturally relativistic

Discuss statements about sociological approaches

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What occurs when new technology makes another one obsolete

Reference No:- TGS040075

Recent Questions Asked Microeconomics

Q : What will be the behavior of y as x tends to infinity

Q : Audit procedure that might detect lapping

Q : Who are the winners and losers from trade restrictions

Q : Output capacity determination

Q : What occurs when new technology makes another one obsolete

Q : How much can clark claim

Q : Calculate the net pay

Q : Determining the cost of preferred issue

Q : What is amount of his american opportunity credit allowed

Asked Questions