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Question: 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, can you think of any reasons why intellectual property laws might hinder innovation in some cases?
what is economics? what role does economics play in your personal and organizational decisions? provide an example of
You took a $1500 loan today and agreed to pay $500 in year two, $500 in year 4 and $1500 in year 6 (final year). Find the interest rate you are being charged per year using.
Describe the importance of cost of capital with respect to the actual financial problem of most manufacturing companies.
A tariff is a tax on imported goods. Suppose the U.S. government cuts the tariff on imported flat screen televisions.
identify and discuss two ways in which cross-functional teams could be useful in developing new products or completing
Suppose the price of product B increases to 3. What happens to quantity demanded of both products?b. Calculate the arc cross-elasticity between product A and product B using prices for product B of 2 and 3. c. Are these goods substitutes or complemen..
Suppose that a gambler plays a $1 game 7 times. in each game, his probability of winning is 20 percent. if he wins, he gets $4 prize. he gets nothing if he loses. to profit on the games, he must win at least twice. what is his probability of winning ..
Consider a competitive seller of iced coffee drinks.Suppose that this seller’s marginal cost of producing an amount of such drinks per week is given.What is this seller’s total surplus at this quantity
As the leader of an oil-exploration drilling venture, you must determine the least-cost selection of 5 out of 10 possible sites. Formulate an integer program to determine the minimum-cost exploration scheme that satisfies these restrictions.
1. in problem 1 if charlies utility function were x5axb if apples cost 70 cents each and if bananas cost 10 cents each
Suppose the general public purchase $500 million in government bonds and pay for them by drawing cheques on their chartered bank deposits. 1) Calculate the (target) reserve requirement
Using the situations above, prepare a 5-10 page Microsoft Word document that addresses the above situations and meets APA standards.
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