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Clearly identify all of the pertinent issues involved in the following facts. Apply the rules of law to the problems and state what your decision will be as judge for a day. Support your answer clearly with reasons. Explain why. (three points possible)
American Ingenuity, Inc. (AI) invents, develops, and distributes a new type of dynamite. AI does not apply for a patent for its product. Best Copy Corporation buys a case of AI dynamite, analyzes it, and produces and sells a "clone" of the product under the Best name. AI files a suit against Best, alleging violations of the intellectual property law. Mary Smith, a customer, buys the Best product to use in the demolition of her office building. Due to a defect in the product, John Doe, an employee of Mary's, is injured. He sues Mary Smith, Best and AI. Discuss the ramifications of this case if you are judge for a day.
All of the questions in this Part refer to the market for gasoline. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately. Huge new crude oil reserves are discovered in th..
Given this information, what can you say, if anything, about the change in inflation in these two economies? Specifically, what happened to t (relative to t-1) in these two economies? Suppose tA ?t-1B. Given this information, ..
Although Ken Brown (discussed in problem 3-16) is the principal owner of Brown Oil, his brother Bob is credited with making the company a financial success. Bob is vice president of finance.
Determine the equations for AFC (average xed cost), AVC (average variable cost), ATC (average total cost), and MC (marginal cost). Graphically illustrate the relationships to one another. EMBA 504: Strategic Competitive Analysis
What are the four major types of markets in microeconomic analysis and what are the key characteristics that distinguish these markets?
Suppose the demand for a product is given by P = 40 4Q. Also, the supply is given by P = 10 + Q. What is the price elasticity of demand at the equilibrium price?
This price reduction would also increase sales to 220,000 units during the relevant years. a) Make the decision tree. b) What is the optimal strategy for the monopolist?
The U.S. is in recession and, at last report, GDP was shrinking at a rate of 1% per year. The unemployment rate is rising and now stands at 7%. In recent months, the rate of inflation has been holding steady and is increasing at an annual rate ..
Does this make economic sense? Explain the rationale behind equal prices for unequal distances in air travel using supply, demand, and cost curves.
What is cost of AFC per paper, what is MC per paper and what is minimum amount must charge to break even on costs?
Calculate the premerger Herfindahl-Hirschman index (HHI) for this market and suppose that any two of these firms merge. What is the post merger HHI?
What are the possible problems and solutions for these concerns? What could happen to the U.S. labor markets if immigration is not controlled?
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