Answer:
$47.747.44
Explanation:
After 14 years, the salary will be equivalent to the future value of $28,500 at 3.5% compound interest.
The formula for calculating compound interest is as follows.
FV = PV × (1+r)n
where FV = Future Value
PV = Present Value... 28,500
r = annual interest rate.... 3.5%
n = number of periods...15
Fv = $28,500 x ( 1+ 3.5/100)15
Fv = $28,500 x ( 1+0.035)15
Fv =$28,500 x 1. 67534883
Fv =$47.747.44
Answer:
A production possibilities frontier identifies the dollar cost of producing a good or service in an economy.
True
Explanation:
Cost of producing could be envisaged through budgeting where the variable cost, fixed cost and total cost is expected to be calculated either through rough estimate.
Answer:
About the Lagrangian method,
We can use it to solve both consumer's utility maximization and firm's cost minimization problems.
Explanation:
Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints. Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables. Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.
Answer:
The answer is a. The "invention" sought to be patented is actually a living creature.
Explanation:
That is the answer. Because by the law, you actually "CAN" patent a living creature or an organism that you invented and that does not exist naturally.
So, a patent application CAN NOT be denied on the grounds that the invention is a living thing.
However, if a plant or any organism exists in nature and has reproduced, then it cannot be patented. Because then it has become a natural occurrence. This is a stern limitation and a criteria put on patents for living organisms.
Patenting living organism such as anti bacteria and bacteria is common in pharmaceutical industry while patenting unique seed types are common in agricultural sector.
