1. The Schumpeter hypothesis links firms operating under a monopoly market structure as most important for technological innovation. Arrow‚ on the other hand‚ suggests most progress can be achieved in a perfectly competitive market. Compare and contrast these two arguments. An important issue in economics is how market structure affects innovation. In 1934‚ Schumpeter observed that some markets become increasingly concentrated‚ both with respect to innovation activities and market competition
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the effect of music and age on STM (WM). The results of the experiment were confirming the hypothesis to some extent. The hypothesis was that the older the subject conducting the experiment is‚ the higher the cognitive performance‚ which will result in a higher level in completing the task. Also the subjects will be distracted when the music is played. However‚ some of the results did not match the hypothesis; such as Group2 (Year 9 Newman) that completed the task and reached a higher level with the
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First Year Seminar Psychology 190-01 In Jonathan Haidt’s book‚ The Happiness Hypothesis‚ Haidt explains genuine examples to get many familiar points across to the audience without us people knowing what he is trying to do. All we are doing is reading the book trying to understand what Haidt is trying to tell us through his style and tone of each different chapter. To begin‚ chapter four of The Happiness Hypothesis‚ in my opinion was very interesting. This chapter is the chapter that has kept
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1.) Were the North American megafauna wiped out by early human colonizers? The Overkill hypothesis is of the Clovis crossing into a “virgin continent” (The America’s) and wiped out the megafauna due to overhunting. First developed by Paul Martin in the 1960’s‚ Clovis started to occupy North and South America 13‚500-12‚500 years ago; soon after early sites were established 17 genera of North and South American megafauna went extinct between 13‚250-12‚900 (other species such as ground sloths become
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Relationships Between Stock Split and Bonus Issue of Shares & their pros and cons Presented by Rajib Deb Student of M.COM. 4th Sem. Tripura University‚ Suryamaninagar What is stock split? A stock split is a corporate action that increases the number of the corporation’s outstanding shares by dividing each share‚ which in turn diminishes its price. The stock’s market capitalization‚ however‚ remains the same‚ just like the value of the Rs. 100 does not change if it is exchanged for two 50s. For
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absence of one in the prokaryotes; Eukaryotes also have distinct membrane-bound organelles‚ while prokaryotes do not (Stanier et al.‚ 1970a; Mauseth‚ 2009). It is after discovery and examination of these organelles that first led to the Endosymbiont Hypothesis or Endosymbiont Theory‚ as it is sometimes called (both terms are used throughout). In this essay we shall look at the history of the theory‚ how it was formed‚ who the most influential collaborators were‚ and how it is applied to the evolution
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backed with the data collected. The initial heart rate before the drug‚ hemp was applied‚ was 216 BPM. The final heart rate‚ with the drug was 132 BPM. That is a change by -84 BPM. This proves that hemp lowered the heart rate of the Daphnia‚ like the hypothesis stated. The overall average for all the groups‚ there is a similar trend with a -7% change meaning the every test had the same outcome of the heart rate decreasing. There
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The efficient-market hypothesis emphasizes that arbitrage will rapidly eliminate any profit opportunities and drive market prices back to fair value. Behavioral-finance specialists may concede that there are no easy profits‚ but argue that arbitrage is costly and sometimes slow-working‚ so that deviations from fair value may persist. Sorting out the puzzles will take time‚ but we suggest that financial managers should assume‚ at least as a starting point‚ that there are no free lunches to be
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income. (demonstrated by Squatting Investment Co) In Moore v Griffiths‚ the bonus received was a testimonial or personal gift rather than a reward for services rendered by the taxpayer in the course of his employment. The payment had no foreseeable element of recurrence‚ and there was no knowledge or expectation on the taxpayer’s part that the payment would be made as a reward for rendering his services. A bonus payment is ordinary income for the purposes of subsection 6-5(2) of the ITAA 1997
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An Implication of the Modigliani-Miller Capital Structuring Theorems on the Relation between Equity and Debt1 Ruben D. Cohen 2‚3 Abstract We illustrate here the effects of the Modigliani-Miller theorems on capital structuring‚ emphasising especially on the relationship between equity and debt. This is carried out numerically via a simplified financial statement‚ which takes us through the methodology that leads to the ROE‚ WACC and firm’s value‚ all plotted against leverage. Introduction The
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