User Account

All Pages

Patent on new invention

Assignment Help Microeconomics
Reference no: EM131040219

Willie Stand obtains a patent on his new invention, the bipod. After twenty years,

a. Willie will continue to earn a positive economic profit, because entry will not affect the price of bipods

b. new entrants will begin bipod production if price exceeds average variable cost

c. new entrants will drive up the price of the bipod

d. he can renew his patent

e. Willie will eventually earn no more than a normal profit

Reference no: EM131040219

Questions Cloud

Estimate for the tread life : The sample mean was 42,300 miles and the sample standard deviation was 7,500 miles. What is the 95% confidence interval estimate for the tread life of that entire model produced in the past month?
Accounting theory and issues-common wealth bank : Accounting theory and issues- Assignment topic: common wealth bank. Issue: insurance scandal (Australia). Things to include- Table of content and Executive summary
How do you know when you have a legitimate research problem : How do you know when you have a legitimate research problem? How would you delineate the subparts of the social problem for your research project?
Example concerning the crm efforts of caterpillar : Refer to the example concerning the CRM efforts of Caterpillar. Where on the CRM continuum (low-end to high-end) does the company's CRM strategy fi t? Explain your answer.
Patent on new invention : Willie Stand obtains a patent on his new invention, the bipod. After twenty years, a. Willie will continue to earn a positive economic profit, because entry will not affect the price of bipods
Company with a rapidly growing customer base : You are the CIO of a small company with a rapidly growing customer base. Which CRM system would you use: an on-premise CRM system, an on-demand CRM system, or an open-source CRM system?
Statements about health care and war : Which of the following statements about health care and war is true? Choose the BEST answer.
Write the sample logistic regression equation : Developing the memo: In the body of the memo write the sample logistic regression equation. In the body of the memo interpret the meaning of the intercept and slopes for your fitted model
Effectiveness of future monetary policy : What is the current Federal Funds rate? What does that tell you about the effectiveness of future monetary policy? (Remember the Fed to counter a recession uses expansionary monetary policy that results in lower interest rates.)

Reviews

Write a Review

Microeconomics Questions & Answers

  Is smoking status

Suppose that in a certain population of married couples 30% of the husbands smoke, 20% of the wives smoke, and in 8% of the couples both the husband and the wife smoke. Is the smoking status (smoker or nonsmoker) Is the smoking status ? Why or wh..

  Calculate the breakeven point in years

A machine costs $5,240 and generates an annual end-of-year benefit of $1,000 for 8 years. If a nominal annual interest rate of 9.532% with continuous compounding is assumed,

  Ethical code of conduct plan

Your ethical code of conduct plan which will be incorporated into your company's international BUSINESS EXPANSION plan

  Consumer soveriegnty

Discuss the opposing arguments as to whether consumer sovereignty should prevail in medical care.

  What do economists call the problem this fan is having

A baseball fan with a Mike Trout baseball card wants to trade it for a Miguel Cabrera baseball card, but everyone the fan knows who has a Cabrera card doesn't want a Trout card. What do economists call the problem this fan is having?

  The additional 25 would be willing to pay 55 150 more would

assume that the drug company can negotiate with the us and foreign governments and thus tries to implement the two-tier

  Define gross domestic product at market prices

A. Define each of the following: 1 Gross Domestic Product at Market Prices. 2 Gross National Product at Market Prices. 3 Gross National Product at Factor Cost. 4 National Income. B. Explain the relationship between Gross National Product at Market ..

  Calculate the total delta-v required for spacecraft

Two spacecraft are in the same elliptical earth orbit with perigee radius 8000 km and apogee radius 13,000 km. Spacecraft 1 is at perigee and spacecraft 2 is 300 ahead. Calculate the total delta-v required for spacecraft 1 to intercept and rendez..

  Why private citizens to donate money to support the town

the display creates negative externalities. government should tax the producers of holiday lighting. resources are currently overallocated to the provision of holiday lighting in Anytown. resources are currently underallocated to the provision.

  Compute the new marginal cost and average cost

Edward the entrepreneur takes 2 hours to cut a lawn, and he cuts 1,000 lawns per year. He uses solar-powered equipment (truck and mover) that will last forever

  Determine the settlement or litigation strategy

Determine the settlement or litigation strategy that minimizes firm A's expected total cost (any payment plus legal fees).

  Impact of an increase in the minimum wage rate

Is there a conflict between the cigarette pack labeling law and the DOA price support program for tobacco with respect to this goal, or do the labeling law and the support program work together to reduce cigarette consumption?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd