In which factor(s) is components intensive? in which factor(s) is research intensive? suppose that due to the opening of trade, the relative price of r& d increases, δpr/pr = 10%, whereas the price of components stays unchanged, δpc/pc = 0. calculate the change in the wages of high-skilled and low-skilled labor. what has happened to the relative wage of high-skilled/low-skilled labor? how does this result compare to problem 4, and explain why it is similar or different.

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

Which is one solution to levy the complexity of the global matrix strategy with added customer-focused dimensions?

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)