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Vilka [71]
3 years ago
7

Patents A. always increase total welfare. B. are a form of trade secret. C. reduce deadweight loss. D. create monopoly power.

Business
1 answer:
kondaur [170]3 years ago
7 0

Answer: Creates monopoly power

Explanation: A patent can be defined as an intangible asset the gives its holder the right that no other person in the world can use, sell or produce the unique good or service that has been patented by its inventor.

Thus, the right to produce or use a specific invention by a single person can lead to monopoly in that particular industry.

Hence from the above we can conclude that the right answer is option D.

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Answer: Human capital means the qualities of the labour force as it relates to skill, knowledge, education

etc.

2. The quantity of workers available for work refers strictly to the total number of labour force that are ready for work at a particular time, it's different from human capital which includes the total number and other factors like education, skills etc

2B Three ways to improve a nation human capital are education, skills development program and mentoring.

3. Increase in size of labour force refers strictly to the numbers of labour force while increase in human capital refers to the number and quality of the labour force like skills and knowledge

6 0
3 years ago
If a company uses $1,510 of its cash to purchase supplies, the effect on the accounting equation would be:________
sammy [17]

If a company uses $1,510 of its cash to purchase supplies, the effect on the accounting equation would be One asset increases $1,510 and another asset decreases $1,510, causing no effect.

The relationship between an entity's assets, liabilities, and owner's equity are represented by the basic accounting equation, often known as the balance sheet equation. It serves as the system's cornerstone for double-entry bookkeeping. The total debits and total credit for each transaction are equal.

There are three possible arrangements for the accounting equation:  

  • Assets = Liabilities + Owner's Capital - Owner's Drawings + Revenues - Expenses.
  • Owner's equity = Assets - Liabilities.
  • Net Worth = Assets - Liabilities.

The accounting equation makes sure that every entry in the books and records is verified and that each obligation (or expense) and its associated source, or each item of revenue (or asset) and its source, can be independently verified.

To know more about accounting equations refer to: brainly.com/question/14689492

#SPJ4

6 0
2 years ago
The Federal Application for Student Aid (FAFSA) form:
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On June 1, 20--, a depreciable asset was acquired for $5,460. The asset has an estimated useful life of five years (60 months) a
kirill [66]

Answer:

$4823

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

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7/12 X 1092 = 637

5460 - 637 = 4823

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