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We suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life. Similarly, suppose that owners who wanted to restrict future use of their property had to pay a fee for each year that the restriction runs. For example, if my will stipulates that Blackacre should be used exclusively as a residence for 100 years, then I would have to make provision in my will to pay the state for each year that the restriction runs. In effect, the state deducts an annual fee from a bequest for a testator who desires to impose posthumous restrictions on property for a specified number of years. At what level would you set such a fee? Would it be the same for all types of conditions and all types of property? Is such a fee more efficient than the rule against perpetuities?
Amy's card shop receives a shipment of valentine's day card in December 2013. Amy pays the wholesales distributor of the card a total of $500. In February 2014 she sells the cards for a total of $ 700. What are the contributions of these transactions..
consider a landscaping service market. here landscaping means mowing weeding and trimming etc i.e. a regular
Graph and describe what effects would be short run production function if a new advanced process was found and how would the number of employees hired change?
mayo destination water park center offers family fun year-round in the northstar state to locals and out-of-state
1. Under the gold standard, there was penalty for running a payments deficit but no penalty for running a payments surplus.2.The Bretton Woods Agreement was intended, in part, to make adjustment more symmetric between deficit and surplus countries..
The supply of convention centers
Firms exist for all but which one of the following reasons?
What sort of a market structure closely resembles the environment in which the firms in the airline industry in Australia operate in? Explain.
you have the following information on the marginal benefit and marginal cost of abating emissions of a given
governments worldwide are turning to protectionism to cope with economic problems imposing tariffs and subsidies on
Marginal cost are identical
Explain the relationship between the price elasticity of demand and total revenue. What are the impact of various forms of elasticity (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain using empi..
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