Answer:
b
Explanation:
Another definition:
It is the purchase price of an asset + the costs of operating the asset
<span>Ocean Tuna is massively overfished even though there is already an abundant supply. The reason for this is that it cost less to harvest the fish than it does to maintain a stock of the fish. This answer however, is still debated by some experts who argue that this method is not healthy for our oceans.</span>
The largest and most expensive social welfare programs in
America are Social Security and Medicare. Medicare receives the funding the
most, and it is not tested program while the social security is the example of entitlement.
The Social Security Act of 1935 brought government into the equation of the
obligations of one generation to another.
The three types of patents available under U.S. law are design, plant and utility.
<h3>What is patent?</h3>
A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.
It is the right from the federal government to produce and sell something for a certain number of years without anyone copying it.
Thus, option D is true as three types of patents available under U.S. law are design, plant and utility.
Learn more about patent here,
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Answer:
It will incur an Opportunity cost of $8,000.
Explanation:
It will incur the opportunity cost of $8000 because the additional unit produces by the company then the additional revenue that is generated will be equal to the amount (25 - 20) x 12,000 = 60,000. Since the additional cost, that incurs for the production of 12000 units is 52000. Therefore the profit earned is $8000.
So if the company does not produce it then it will lose the profit of $8000.
