Answer:B) Copyright
Explanation:
A copyright is a legal protection that gives the original inventors of a product the exclusive right to manufacture, sell ,use a product for a limited time.
A copyright prevents others from duplicating a product during the years the copyright is active.
A trademark is a logo of a brand , product or company.
Patent is a legal right given to an inventor that prevents others from using ,duplicating or selling the invention for a period of time usually twenty years.
A warranty is an agreement between a buyer and a seller where the seller agrees to replace or make repairs when certain damages occur to a product within a specified period.
Treaty is a written agreement agreed to by countries and international organisations.
Answer:
C) $4,000
Explanation:
To calculate economic profit we can use the following formula:
economic profit = total revenue - (accounting costs + implicit costs) = (total revenue - accounting cost) - implicit costs
where:
- accounting profit = total revenue - accounting cost = $50,000
- implicit costs: ($20,000 x 5%) + $45,000 = $1,000 + $45,000 = $46,000
economic profit = $50,000 - $46,000 = $4,000
Answer:
An exception based on public policy.
Explanation:
Employment at will according to the United States is a doctrine that permits the employer and employee to work together in an indefinite period of time, whereas they are able to terminate their contract with any necessary fair clause.
In many counties around the world, employers always look for reasons to terminate or stop their employees from working, whereas an exception based on public policy negate this doctrine.
People are demanding more apartments than sellers are willing to offer. This means that there is a shortage of apartments.
Answer:
product B
Explanation:
The computation is shown below;
<u>Particulars Product A Product B Product C
</u>
Selling Price $5.00 $3.00 $5.00
Less: Variable cost per unit ($3.50) ($2.00) ($2.00)
Contribution per unit $1.50 $1.00 $3.00
Machine hours per unit 0.75 0.25 1
Contribution per machine hour $2.00 $4.00 $3.00
($1.50 ÷ 0.75) ($1.00 ÷ 0.25) ($3.00 ÷ 1)
The product B should be produced as it has the highest contribution per machine hour
