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Neporo4naja [7]
2 years ago
5

For the population of firms in the chemical industry, let rd denote annual expenditures on research and development, and let sal

es denote annual sales (both are in millions of dollars).
a. Write down a model (not an estimated equation) that implies a constant elasticity between rd and sales. Which parameter is the elasticity?
b. Write out the estimated equation in the usual form. What is the estimated elasticity of rd with respect to sales? Explain in words what this elasticity means.

Business
1 answer:
Dmitry_Shevchenko [17]2 years ago
6 0

Answer:

See the attached pictures for detailed answer.

Explanation:

See the attached pictures for explanation.

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If you know that the value of an asset is $100 today, what concept will tell you what it will be worth in 5 years given a certai
Virty [35]

Answer:

future value

Explanation:

Future value is the value of a sum of money at some point in the future given a  certain interest rate.

Formula for future value = present value x ( 1 + r )^n

Assuming i = 10

the future value of $100 in 5 years = 100 x ( 1.1)^5 = $161.05

6 0
2 years ago
In the United States, about $5,200 per person per year is spent on health care, while in Britain the amount is about half that.
riadik2000 [5.3K]

Answer:

The answer is: C) The money spent on health care in the United States is not being used effectively.

Explanation:

American citizens spend twice as much as British citizens on health care per year. Even if certain diseases are more common in the US than in Britain, the overall cost of health care is too expensive in the US (100% difference) to be explained by a greater prevalence of just one or two diseases.

The only possible explanation is that the American health care system is not as efficient as the British health care system, therefore health care is more expensive.

4 0
2 years ago
Jason purchases a patent at a cost of $24,000. The patent has 8 years of legal life remaining from the date of purchase. a. The
mina [271]

Answer: a. The patent is an intangible so it is amortized for cost recovery

Explanation:

Just as Depreciation exists for the wearing and tearing of tangible Assets, so does AMORTIZATION exist for Intangible Assets like goodwill, patents, licenses, copyrights and logos.

It follows essentially the same process as Depreciation and the useful life estimation is usually discretionary because some Intangible Assets can give benefits forever such as logos.

Generally though, only Intangible Assets with estimable useful lives are amortized such as Patents and Trademarks.

6 0
2 years ago
Read 2 more answers
Jason wants to dine at five different restaurants during a summer getaway. If four of nine available restaurants serve​ seafood,
scoundrel [369]

There are 1560 ways

Explanation:

The toal number of restaurants are 8, out of which 3 serve seafood, and during the summer gateway, Jason decided to dine out at 4 multifarious restaurants.

Since, the order is significant, permutations is to be used.

Four restaurants can be chosen from the 8 restaurants in _{8} \mathrm{P}^{4}. In this case, "at least one" is complement of "fewer than one" (that is 0). Thus, four restaurants that are not serving seafood can be chosen from five restaurants in 5 P^{4}.

<u>Using complements principle to get the number of ways to get at least one of the restuarants serve seafood,</u>

8 P^{4}-5 P^{4} = 1680-120

8 P^{4}-5 P^{4} = 1560

Therefore, there are 1560 ways

5 0
3 years ago
Hillward Bakers Inc. has been using a logo with the letters"HB-in blue color and a baker's hat above these letters since its inc
notsponge [240]

Answer:

B) Hillward can sue Hobert since the logo has been used by Hillward and is associated with it.

Explanation:

Since Hillwards logo is an elaborate piece of creative art, then they can sue Hobert for using their logo since it was associated directly to them during the past decade. Common logos are not usually protected by copyright unless they show significant creative artwork done.

It is always better and easier to protect a logo when it is a registered trademark but even if you haven't registered it you can still sue and win for infringement. When a company uses a logo, especially for a long time, it is establishing common law trademark rights.

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3 years ago
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