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laiz [17]
3 years ago
6

Patent laws create a dilemma. The idea behind patent protection is to provide inventors, entrepreneurs, and firms an incentive t

o innovate and develop new products and ideas. However, the incentive provided is to reward the innovator with the temporary ability to earn monopoly profits, which creates deadweight losses. Of the policies described below, which is most likely to preserve socially desirable incentives to innovate while also reducing inefficiencies?
A) Introducing a system of patent buyouts. The government will purchase most patents from inventors and then \"rip up\" the patent so that others can immediately use the idea and prices will fall.

B) Varying patent protection according to the significance of the good. For products associated with public health, like potentially life-saving medications, patents are not enforced as strictly. Patents for products with only commercial uses will be enforced as usual.

C) Eliminating patent protection altogether. Many existing firms make profits without the benefit of patent law protection, implying that firms will be able to discover other ways to profit from their innovations.

D) Reducing the duration of patent law protection. This would allow firms to recover the costs associated with developing a new product but prevent firms from earning outlandish profits.
Business
1 answer:
solniwko [45]3 years ago
4 0

Reducing the duration of patent law protection. This would allow firms to recover the costs associated with developing a new product but prevent firms from earning outlandish profits.

Answer: Option D.

<u>Explanation:</u>

The major motive and aim of patent is to increase and encourage the motivation of the producers to innovate and produce new things which can increase the efficiency in the process of production. This is done to increase the innovation.

But if the time of patent of a particular good is reduced then the firm will be able to cover it's cost on the innovation but it would not lead to any kind of inefficiencies as others will also be able to use it after patent is over.

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If Salerno Inc. desires to lock in a minimum rate at which it could sell its net receivables in Japanese yen but wants to be abl
marishachu [46]

Answer:

The most appropriate hedge for the Salerno company would be:

  • Purchasing put options.

Explanation:

Here, it is given that a company Salerno desires to get locked at a minimum rate so that at that level  it could sell in Japanese yen its all non receivables and later if the yen appreciates substantially against the dollar values when the payment time arrives,

Then

The most appropriate hedge for the Salerno company would be:

  • Purchasing put options.

Purchasing put options: A put option is a term which means that it gives the owner or the main holder all the rights of selling an asset to a different party at a price which is decided by him and at a specified date which he will be deciding. so, basically he owns all the rights associated with it.

It has also been finalized that it creates a negative image of it in the future value of it in the market stock exchange.

7 0
3 years ago
Comfy Fit Company manufactures two types of university sweatshirts, the Swoop and the Rufus, with unit contribution margins of $
BlackZzzverrR [31]

Answer:

Comfy Fit Company

Contribution margin per hour of machine time:

Contribution margin for 1 hour of machine time will be equal to:

Swoop = $5 x 60/6 = $50 per hour

Rufus = $15 x 60/6 = $150 per hour

Explanation:

If Contribution margin:

Swoop = $5 for 6 minutes' machine time

Rufus = $15 for 6 minutes' machine time

Therefore, contribution margin per hour will be

Contribution x 60/6.

Since 60 minutes make an hour, there will be ten times more contribution for each.

This gives an hourly contribution of $50 ($5 x 10) and $150 ($15 x 10).

7 0
3 years ago
The number of different people or households exposed to an advertisement is referred to as.
gulaghasi [49]

The different kind of the people exposed to the advertisement is known as Audience.

<h3>What is Advertisement?</h3>

Advertisement is the Strategy adopted by the producer of the goods and services in order to attract the customers. It is a type of the promotion of the product done by the company.

Advertisement helps to grasp the more and more consumers which is also referred as Audience.

Learn more about Advertisement here:

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2 years ago
The earned value divided by the actual, cumulative cost of the work to date is the:_____.
koban [17]

The earned value divided by the actual, cumulative cost of the work to date is the Cost performance index

The cost performance index (CPI) is an indicator of a project’s financial performance and efficiency. There are plenty of indicators of the project’s performance and CPI is deemed as one of the common performance indicators. This indicator often shows whether the project is going according to the planned schedule or whether there is a need for any corrective action. CPI can assist a project manager to evaluate if the project is on budget and provides a sense of how the cost is expended effectively.

The Cost Performance Index (CPI) is also used to determine if a work is over or under budget. It is a "snapshot" at a specific time, hence it needs to have a reference point in time.

Learn more about  cost performance index here

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6 0
1 year ago
Explain the actions the FED should take if it wanted to move from a point on the short-run Phillips curve representing high unem
tia_tia [17]

Answer:

The short run Phillips curve states that there is an inverse relationship between unemployment and inflation in the short run.

Since unemployment is high and the inflation rate is low, in order for the FED to decrease unemployment and increase inflation it must decrease the interest rate. That way, the economy should kick off and start growing which should decrease unemployment and at the same time will increase inflation.

4 0
3 years ago
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