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2 years ago

A person wishing to manufacture and sell a product that another holds the patent on

Business

1 answer:

podryga [215]2 years ago

6 0

Answer:

Must wait for 20 years

Explanation:

Exclusive rights granted for an invention is patent. The law protects the invention from commercial exploitation by others apart from the inventor. The protection is time-limited.

Patents last for 20 years. Before the expiry of the 20 years, any attempts to produce goods under patent protection is illegal. A person wishing to manufacture and sell goods under patent must wait for its expiry.

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Variable costs A. are fixed per unit and vary in total as production levels change. B. are fixed in total as production levels c

Bumek [7]

Answer: Option A

Explanation: In simple words, Variable cost is that cost of the business that changes with level of production. Hourly wage rate of workers, electricity bill of factory are some of many examples of variable cost.

The electricity consumption is fixed per unit, but if the level of production rises the electricity bill also rises as more units will be consumed.

Hence, from the above we can conclude that the right option is A.

8 0

2 years ago

Solving for dominant strategies and the Nash equilibrium

Svetach [21]

Question Completion:

Matrix payoff:

Sharon

Left Right

Paolo Left 8, 3 4, 4

Right 5, 3 5, 4

Answer:

The only dominant strategy in this game is for ___Paolo______ to choose ____Right______.

The outcome reflecting the unique Nash equilibrium in this game is as follows: Paolo chooses ____Right______ and Sharon chooses __ Right_____.

Explanation:

a) Paolo's dominant strategy is the strategy that always provides the greater utility to Paolo, no matter what Sharon's strategy is. In this case, the dominant strategy for Paolo is to choose RIGHT always.

b) The Nash Equilibrium concept determines the optimal solution in a non-cooperative game in which each player (e.g. Paolo and Sharon) lacks any incentive to change their initial strategies. This implies that each player can achieve their desired outcomes by not deviating from their initial strategies since each player's strategy is optimal when considering the decisions of the other player.

3 0

2 years ago

Which of these is a good?

Llana [10]

Explanation:

Option A: A fancy hair cut option is given but it is not associated with any of the price. So we cannot say it is good or worth for the money.

Option B: It seems to be valid. But when we consider all the given options, there are better options than this.

Option C: Rusted means a brown layer formed on the body of the car. So we cannot say it is good. So this option too is invalid.

Option D: Normally car wash costs $10. It is worth to do a complete car wash with $4.00. This option is the best choice.

4 0

3 years ago

Thomas Engel contributed equipment, inventory, and $45,000 cash to a partnership. The equipment had a book value of $25,000 and

Troyanec [42]

Answer:

Thomas capital

Equipment $30,000

Inventory 25,000

Cash <u> 45,000</u>

Total <u> 100,000</u>

Explanation:

Equipment : thebook value is $25,000 while the market value is $30,000. the market value of the equipment will be used.

Inventory : the book value is $50,000 while the market value is $25,000. As a result of obsolescence, the inventory will be value at lower of cost and net realizable value(IAS2). therefore, $25,000 will be recognized for the inventory in the determination of Thomas capital

Cash: there is no changes in cash contributed.

5 0

2 years ago

Read 2 more answers

Use the following items to determine the toata assets ,total liabilities , net worth , total cash inflows and total cash outflow

kicyunya [14]

Answer:

Determining the total assets, total liabilities, net worth, total cash inflows, and total cash outflows:

1. Total assets

Cash in checking account $ 450

Savings account balance $ 1,890

Current value of automobile $8,800

Household possessions 3,400

Video equipment $ 2,350

Personal computer $ 1,200

Value of stock investment 860

Total assets $18,950

2. Total liabilities

Rent for the month $ 650

Balance of educational loan 2,160

Credit card balance $ 235

Total liabilities $3,045

3. Net worth

Total assets $18,950

Total liabilities ($3,045)

Net worth $15,905

4. Total cash inflows

Monthly take-home salary $ 2,185

5. Total cash outflows

Spending for food $ 345

Telephone bill paid for month 65

Loan payment 80

Auto insurance $ 230

Payment for electricity 90

Lunches/parking at work $ 180

Donations 160

Clothing purchase $ 110

Restaurant spending 130

Total cash outflows $1,390

Explanation:

a) Data and Calculations:

Rent for the month $ 650

Monthly take-home salary$ 2,185

Spending for food $ 345

Cash in checking account$ 450

Savings account balance $ 1,890

Balance of educational loan 2,160

Current value of automobile $8,800

Telephone bill paid for month 65

Credit card balance $ 235

Loan payment 80

Auto insurance $ 230

Household possessions 3,400

Video equipment $ 2,350

Payment for electricity 90

Lunches/parking at work $ 180

Donations 160

Personal computer $ 1,200

Value of stock investment 860

Clothing purchase $ 110

Restaurant spending 130

3 0

2 years ago