This Critical Thinking Assignment focuses on how a firm can leverage one type of advancement in production technology to achieve a competitive advantage. Conduct research and assess one type of improvement in production technology that has advanced the product-based firm you have selected.

In your essay:

• Describe how this production technology achieves a competitive advantage.
• Appraise why this firm had to adopt the technology.
• Describe when this technology became a used production method.
• Compare the advantages and disadvantages among firms that use or do not use this technology
• Explain the benefits of this technology
• Predict the impact if this technology had not been adopted.

Instructions:

• Your essay must have an organizational structure that includes a strong title, followed by an introductory paragraph that generates interest and includes a thesis and mapping of what is to come. Each of the following sections, including a conclusion section, should use appropriate APA headings. Make sure that the body sections address each of the previous bullets.
• Write a 3-4-page paper, not including the required title and reference pages.
• You must support your analysis with at least two current scholarly references and the course textbook. Sources such as Wikipedia, USA Today, Fox News, or MSNBC News will not be accepted.
• Your paper must be properly cited and formatted according to APA Guidelines.
• Review the similarity results from Turnitin and correct all issues within the body of the essay. Paraphrasing is encouraged, but always cite your sources.

Remember, a product-based business sells a physical, tangible product, while a service-based business sells a service, which has no physical or tangible product.

the question and reading will in the files, the reading relate to private equity

Draft Office Memorandum (Assignment may also be found at “Assignment 5,” page 525 of your text)To: (student’s name)From: supervisory attorneyRe: Dixon v. CaryProbate of Holographic Will (See page 525, Assignment 5 in your text)We represent Holly Dixon, the widow of Thomas Dixon, in the case of Dixon v. Cary. She wishes to challenge the probate of Thomas Dixon’s holographic. Mary Cary, Mr. Dixon’s sister and the personal representative of his estate, has submitted a holographic will prepared by Mr.Dixon.The first half of the will is in Thomas Dixon’s handwriting. The second half is typewritten. It was typed by the next door neighbor, Edgar Mae. Mr. Mae states that Mr. Dixon asked him to finish the will because Mr. Dixon was too weak to continue. The will is signed by Mr. Dixon. There are no subscribing witnesses to the will, but it includes a self-proving affidavit that meets the requirements of the statute. Is the will admissible to probate under Texas law?Statutory Law: Tex. Pro. Code. Ann. § 59, Requisites of a Will (Vernon 1980), provides: “Every last will and testament . . . shall be in writing . . ., and shall, if not wholly in the handwriting of the testator, be attested to by two (2) or more credible witnesses . . .”Tex. Prob. Code. Ann. § 60, Exception Pertaining to Holographic Wills (Vernon 1980), provides: “Where the will is written wholly in the handwriting of the testator, the attestation of the subscribing witness may be dispensed with. Such a will may be made self-proved at any time during the testator’s lifetime by the attachment or annexation thereto an affidavit by the testator to the effect that the instrument is his last will: that he was at least eighteen years of age when he executed it . . .; that he was of sound mind; and that he has not revoked such instrument.”Case Law: Dean v. Dickey, 225 S.W.2D 999 (Tex. Civ. App. 1949). (see Appendix A in your Putman text)

Directions: Answer ALL the sections below

You are expected to use your knowledge of Module 2 to answer these questions. You are NOT required to do research i.e hunt down data or statistics to answer any of these questions. In fact, I really don’t want any statistics or data I want you to use the economic definitions and concepts from Module 2 & 3 to explain your answers. This project is intended to help you examine concepts you have studied in the textbook and videos, and apply these concepts to potential situations. Your graphs should be correctly labeled and support your answers. A correctly labeled graph or diagram must have all axes and curves clearly labeled and must show directional changes.

Assume that the United States economy is operating below full employment.

• a)Define full employment – hint this is what economist call the natural rate of unemployment
• b)Explain why we expect to have some degree of unemployment regardless of how well the economy is doing
• c)Draw a correctly labeled graph of long-run aggregate supply, short-run aggregate supply, and aggregate demand, AND show each of the following when the economy is below full employment
  • i.Current equilibrium output and price level, labeled as Y1 and PL1
  • ii.Full employment output, labeled as Yf
• d)Assume that the Federal Reserve targets a new federal funds rate to reach full employment. Should the Federal Reserve target a higher or lower federal funds rate
• e)Given the Federal Reserve action you identified in part (b), draw a separate correctly labeled graph of the money market and what the effect on the nominal interest rate
• f)Assume that policy makers pursue a fiscal policy rather than a monetary policy in (B). Assume that the marginal propensity to consume is 0.6, and the value of the recessionary gap is $400 billion.
  • i.If the government changes its spending without changing taxes to eliminate the recessionary gap, calculate the minimum required change in government spending.
  • ii.If the government changes taxes without changing government spending to eliminate the recessionary gap, will the required change in taxes be greater than, smaller than, or equal to the minimum change in government spending in part (Fi)? Explain your answer.
• g)Assume the government lowers income tax rates to eliminate the recessionary gap. Will each of the following increase, decrease, or stay the same. Explain your answers.
  • i.Aggregate Demand
  • ii.Long-run Aggregate Supply.

See requirements