Suppose that the federal debt in 2020 is $15 trillion. If interest rates remain at the 2016 level of 1.5%, find the annual interest payment on the debt. How much does the interest payment change with a 0.3-point increase in the interest rate? g

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.