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3 years ago

15

Economist Michael Kremer offered a unique solution to the problem of deadweight loss created by monopolies that have control of

an innovation. What solution did he propose that would leave the drive to innovate uncompromised?

1 answer:

Sergeeva-Olga [200]3 years ago

7 0

Answer:

The government should buy out the rights of the patent from the monopoly.

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A firm called Can't Be Stopped, Won't Be Stopped uses process costing to determine the cost of inventory. All direct materials a

Luden [163]

Answer:

c.

Weighted average: $117.81 conversion costs per equivalent unit

FIFO: $115.94 conversion costs per equivalent unit

Explanation:

completed 9,000

ending WIP 500 at 25%

beginning WIP 1,000 at 50%

<u>weighted average:</u>

completed units + percentage of completion ending WIP

9,000 + 500 x 25% = 9,125

cost: 75,000 + 1,000,000 = 1,075,000

conversion cost per unit:

1,075,000 / 9,125 = 117,81

<u>FIFO </u>

completed units + percentage of completion ending WIP - begining WIP

9,000 + 500 x 25% - 1,000 x 50% = 8,625

cost of the equivalent units

1,000,000 / 8,625 = 115.94

5 0

3 years ago

Explain three strategies you can use to take better notes.

ikadub [295]

Answer:

start taking notes in the professor start talking

take notes and complete the thoughts, but abbreviate, reduce, and simplify.

separate and label the notes for each class and make your nose easy to read.

Explanation:

hope this helps :]

8 0

3 years ago

A depositor places $750 in cash in a commercial bank, and the reserve ratio is 33 1/3%; the bank sends the $750 to the Federal R

alisha [4.7K]

Answer:

b. $750 and $500

Explanation:

The reserves is the amount of deposit required by the Central bank that banks should keep as reserves.

The excess reserve is the amount left after the reserve has been taken from the deposit.

If deposit is $750 and the reserve ratio is 331/3%, the amount of reserves is 0.333 × 750 =$250

Excess reserve = $750 - $250 = $500

But the bank sent $750 as reserves, so the reserve increases by $750 and the excess reserve increases by $500

I hope my answer helps you.

7 0

3 years ago

Before going into a prospect's office, the secretary advised the new salesperson that her boss likes facts and figures and is su

Nookie1986 [14]

Answer: ANALYTICALS/ ANALYTICAL THINKERS

Explanation:

Analytical thinkers are known to use knowledge and facts to get to a decision. They prefer to know all they can about a subject before they comment on it and as such rarely jump to conclusions. They are usually introverted as well and prefer not to deal with others.

This is why it stands to reason that the prospect is an Analytical.

4 0

3 years ago

Read 2 more answers

What type of business ownership is Microsoft?

patriot [66]

Answer:

Disadvantages of the Partnership

Today their company, Microsoft, is a major corporation, and Bill Gates and Paul Allen are two of the wealthiest people in the world. Microsoft is a partnership that turned into one of America's greatest success stories.

Explanation:

hope it helps.at pa brainless pwease..

5 0

3 years ago