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Assignment:
Intellectual property laws are intended to promote innovation, but some economists, such as Milton Friedman, have argued that such laws are not desirable. In the United States, there is no intellectual property protection for food recipes or for fashion designs.
Considering the state of these two industries, and bearing in mind the discussion of the inefficiency of monopolies, what are some reasons why intellectual property laws might hinder innovation in some cases?
You are a factory owner who has just purchased a new machine for $5,000. Over the next year, it would have cost you $1,000 to rent this same machine. If the machine sells for $5,000 one year from now, what is the rate of return on this asset?
A new study to appraise mine re- serves indicates that no more than 800,000 tons of salable coal remains. Determine next year's percentage and cost depletion amounts, if estimated gross income is expected to be between $6.125 and $8.50 million on ..
Identify two goods that have elastic demand and two (2) goods that have inelastic demand, that you have purchased during the last month, and explain the main reason why you identified them as such.
In a building construction project, 7,500 feet of insulated ductwork is required. The ductwork is made from 14-gauge steel costing $8.50 per pound.
Suppose the demand for a product is given by P=100-2Q. Also, the supply is given by P=20+6Q. If an 8 per unit excise tax is levied on the buyers of a good, then after the tax the buyers will pay:
If the dealers colluded to limit inventories, what would be the maximum monopoly profit they could earn collectively? Would individual dealers have an incentive to cheat on their inventories? Explain.
My module is International business finance and economics. Dissertation requires 8000 words. What would be the price?
A nation has a fixed amount of Capital and Labor which lies on aggregate isoquant when all inputs are being used efficiently.
What is the shutdown point? Give an example. How is the short-run defined in the production process? Please provide references if applicable.
Dr. Susie Wang is president of a subsidiary of the world's largest concrete machine manufacturer (REESE, Inc.). Her job is to organize and operate a newly formed global business consulting company (Concrete Network Services, i.e., CNS)
Presume a bank is faced with two kinds of borrowers- a high risk borrower that must be charged an interest rate of 9% and a low risk borrower that must be charged an interest of 4%. There is a 30% chance of getting a high risk borrower and a 70% chan..
Assume that 10% of the population is bipolar. (The actual percentage is closer to 1%, but 10% will lead to a better exam- ple.) This is a case of what is called a mixed normal distribution. Sketch what you think that this distribution might look l..
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