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stich3 [128]
3 years ago
7

Connor and Duncan have two passions: video games and economics. The two have an ongoing debate: Connor argues that video game co

nsumers are harmed by the fact that a relatively small number of studios produce video games. The marginal cost of producing additional copies of popular video games is almost always extremely low, relative to the price these firms charge. This causes a deadweight loss. Connor wants the government to stop enforcing video game patents, so that prices will be more closely aligned with the marginal cost. Duncan thinks that consumers would be worse off if the government were to adopt this approach. Which of the following most strongly supports Duncan's thinking that patents are necessary?
1) Anarchy is often a result of nations not enforcing patents.
2) The government should never be involved in the provision of a good or service.
3) Strong patent enforcement can lead to higher profits, which are directly related to lower wages.
4) Patent enforcement varies by country.
5) Nations with strong patent protection are associated with lower levels of per capita GDP.
6) Patents give firms an incentive to spend money on research and development.
Business
1 answer:
LuckyWell [14K]3 years ago
8 0

Answer:

d. Patents give firms an incentive to spend money on research and development.

Explanation:

Connor argues that the consumers are worse off due to the high prices as a result of patents. The prices would be much lower if patents were not applicable because the MC per unit is always low.

But as Connor argues patents provide an uncentive to producers to invest in R & D whch benfits the consumers in the LR both in terms of product variety and cost reduction.

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Greater air pollution from car production leads to increased rates of asthma and infant mortality, imposing costs on the rest of
stiv31 [10]

Answer: 11 cars

Explanation:

Socially optimal quantity is determined where,

Demand = Marginal Social Cost

We have the demand function, now we must calculate the MSC.

We can do that as,

MSC = Marginal Private Cost + Marginal External Cost

MSC = 20 + 5q + 10

MSC = 30 + 5q

Going back to our original formula we can now solve for the socially optimal quantity as,

Demand = MSC.

100 - 5q = 20 + 2q

80 = 7q

q = 11.42

q = 11

11 is the socially optimal number of cars produced.

4 0
3 years ago
Material delays have routinely limited production of household sinks to 400 units per day. If the plant efficiency is 80%, what
andreev551 [17]

Answer:

Effective capacity= 500 units

Explanation:

Effective capacity is defined as the maximum amount of product a manufacturing process can complete in a given period. Considering constraints such as delays, quality problems, and material handling.

Effective capacity is dependent on the design of the system. Design capacity is defined as the theoretical capacity of a system based on its design.

Effective capacity is calculated by dividing the actual capacity by efficiency.

Effective capacity= Actual Capacity/ Efficiency

Effective capacity= 400/0.8

Effective capacity= 500 units

5 0
4 years ago
An agingminusofminusaccountsminusreceivable indicates that the amount of uncollectible accounts is​ $3,910. The Allowance for Un
nevsk [136]

Answer:

$3,310

Explanation:

An aging of accounts receivable indicates that the amount of uncollectible accounts is​ $3,910.

The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of​ $600.

The Accounts Receivable balance is​ $44,620.

The amount of the adjusting entry for uncollectible accounts should be​ for: $3,910 - $600 = $3,310

Generally, as a rule - Allowance for Uncollectible Accounts has a credit balance, which will be subtracted from the amount estimated to be uncollectible, to get the amount of the adjusting entry.

5 0
3 years ago
Read 2 more answers
Project risk is lowest during the: Finish phase of the project life cycle. Conceive phase of the project life cycle. Develop pha
olchik [2.2K]

Answer:

Finish phase of the project life cycle.

Explanation:

The finish phase (or termination, or completion phase) of a project life cycle is basically when the project is completed and it is being delivered to the customer. Depending on the project, paperwork and documents are handed out to the customer, contracts with workers and suppliers are terminated. Everyone involved with the project must be notified about its completion and all obligations are paid for.

5 0
3 years ago
Many substandard condo developments have been built by small corporations that declare bankruptcy or go out of business when leg
xenn [34]

Answer:

required these builders to post a surety bond.              

Explanation:-

A protection bond is described as just a three-party deal that technically bonds a contractor in need of the security, an obligatory in need of the bond and a security firm that markets the security. The contract promises that the trustee must behave according to certain legislation.

Therefore, a protection guarantee would be provided in the statutory remedy that just might minimize specific incentives for small condo-building companies.

If I'm considering purchasing a house in such a new facility, a few of the developer 's features would make purchasing more probable are his credibility on the industry as well as his regulatory compliance the specifics of the apartment.

3 0
3 years ago
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