8. the smartphone market has been dominated by apple, but recently the droid has been able to leverage google’s information services into market gains while blackberry, known for its secure business-oriented network, has attempted to become more attractive with a “friendlier” interface. at the same time, a number of less capable fringe firms are emerging. how do these features fit into an industrial organization (io) view of the market versus a resource-based view (rbv)?

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)