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

  Profits in nash equilibrium of this duopoly model

An industry contains two firms, both with cost function TC(y) = 30y. The demand function for the firms' output is p = 120 - Y, where Y is the total output (Y=y1+y2). What are the firms' outputs and profits in Nash equilibrium of this duopoly model?

  What was the response of the fed bank reserve

What was the response of the fed bank reserve to the grate recession and did it work?

  Substantially lessen competition to create a monopoly

Describe the phenomenon of market foreclosure. Specifically, describe how a vertical merger may "substantially lessen competition or tend to create a monopoly" through virtue of market foreclosure.

  Is there a statistically difference in mean golf scores

You would like to determine if the average golf scores for women are different from the average golf scores for men. A random sample of female students scored an average of 115 with 95% confidence interval (112, 118). A random sample of male stu..

  Assume that us investors made decision that investment

suppose that u.s. investors decide that investment opportunities in african countries have improved. what happens to

  What analysis should they use

The researchers hypothesized that the mortality condition would lead insecure participants to more strongly endorse George W. Bush and secure participants to more strongly endorse John Kerry in the 2004 campaign for President. They predicted that ..

  Lens of world systems theory

Option One: Using information found in our text, discuss ONE PERIPHERAL or SEMIPERIPHERAL NATION through the lens of World Systems Theory. (Optional: you may also use information from other reputable sources in addition to our text.)

  How much in additional sales necessary to make up losses

What if all the above injuries occurred in one plant with a profit margin of 3%? How much in additional sales would be necessary to make up the losses?

  What is the point of intersection between line a and line b

Suppose that you have two straights lines, Line A and Line B.  The points (x, y) = (2, 6) and (4, 2) lie on Line A.  The points (x, y) = (1, 9) and (3, 3) lie on Line B. What is the point of intersection between Line A and Line B

  Identify the instances of conformity and obedience

Describe a time in your life when you conformed to, or obeyed, a larger group. In the speaker notes, detail how would you react in that situation today, and what approaches you can take to avoid these behaviors in the future.

  1 general utility maximizationlist the oumlrst order

1. general utility maximizationlist the oumlrst order conditions for the following problemfirst ignore the implicit

  The economics department implemented a new grading policy

The economics department implemented a new grading policy, where the student's overall score is the minimum of the number of correct answers the student gets on two exams. The student's utility function is U(S, M)=S-[(1/2)A(M^2)], where S is the stud..

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