Answer:
one-third to one-half of the total economic benefits.
Explanation:
Innovation typically involves the creation of a new product of any category such as automobile, building, phones, electronics, etc., that generates money for the innovators or manufacturers through purchase made by the end users (consumers).
A patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.
Generally, patents are used on innovation for products that are manufactured through the application of various technologies.
Some studies done by renowned economists around the world have found that the original inventor receives one-third (⅓) to one-half (½) of the total economic benefits from his or her innovations, while other businesses and new product users receive the rest of the benefit.
Answer:
The financial conflicts of interest of senior or key personnel on PHS-funded projects.
Explanation:
According to United States of America Public Health Service, institutions are compelled to present a conflict of interest information on a public website or within five business days upon request. his is to assess or to determine if a substantial financial interest is connected or not to an investigator's research and composes a financial conflict of interest.
Hence, the right answer is The financial conflicts of interest of senior or key personnel on PHS-funded projects.
Alexi spends more time in the production of tacos and Tony spends more time in the production of Cuban sandwiches. So they enjoy comparative advantage in the production of these goods respectively.
Answer: Alexi earns $4200 and Tony earns $6300. Collectively they earn $10500 per week.
<u>Explanation:</u>
The opportunity cost of Alexi for producing one Taco is <u>0.67</u> cuban sandwiches.
The opportunity cost of Tony for producing one cuban sandwich is <u>1.29</u> tacos.
<u>Tony</u> has a comparative advantage in the production of cuban sandwiches.
<u>Alexi</u> has a comparative advantage in the production of street tacos.
Combined together they will produce a total of <u>1410</u> tacos and <u>1530</u> cuban sandwiches.
Alexi will spend <u>20 hours</u> in the production of tacos and Tony will spend<u> 20 hours</u> in the production of cuban sandwiches.
Tony will specialize in cuban sandwiches and will earn<u> </u><u>$ 6300 </u>and Alexi will specialise in producing tacos and will earn<u> $ 4200</u>.
Their joint revenue will be<u> $10500</u> per week.