Define investment into developing the technology

Assignment Help Other Subject

Reference no: EM131826816

Question: China developed gunpowder, paper, the compass, water-driven spinning machines, and many other inventions long before its European counterparts. Yet the Chinese did not adopt cannons, industrialization, and many other applications until after the West did.

a. Suppose you are an inventor in ancient China and suddenly realize that the fireworks used for celebration could be enlarged into a functioning weapon. It would take time and money to develop, but you could easily sell the cutting-edge result to the government. If there is a strong patent system, would you put a big investment into developing this technology? Why or why not?

b. Suppose there were no patent system, but you could still sell your inventions to the government. Compared with a world with a good patent law, would you be more inclined, less inclined, or about equally inclined to invest in technological development? Why?

Reference no: EM131826816

Questions Cloud

How would adjust production to maximize the profit : Suppose you grow much of the spices in the Spice Islands. Knowing that few people could compete with you, how would you adjust your production to maximize.

List several software security concerns associated writing : List several software security concerns associated writing safe program code. Identify several concerns associated with the use of environment variables/

Speculate about a potential cause : Construct a plot that reveals a likely systematic problem with the drag (see Exercise 6.27) data set. Speculate about a potential cause for this.

Define the principle of least privilege : Define the principle of least privilege. Identify several issues associated with the correct creation and use of a lock file.

Define investment into developing the technology : Suppose you are an inventor in ancient China and suddenly realize that the fireworks used for celebration could be enlarged into a functioning weapon.

Online media streaming company : Movie lovers, Part II. Suppose an online media streaming company is interested in building a movie recommendation system.

Write regular expressions or patterns in various language : Investigate how to write regular expressions or patterns in various languages.

What does the imply about input validation checks used : What does this imply about input validation checks used to prevent command injection attacks?

Find respective probabilities of winning : Do the three salespeople have the same chance of winning the account? If not, find their respective probabilities of winning.

User Account

All Pages