If a legal monopoly owns the exclusive rights to a good for 20 years, it has a patent for that good.
What do you mean by monopoly?
Monopoly translates to "alone to sell." When there is only one vendor of a given commodity, there is little to no intense rivalry from other sellers. We'll examine the characteristics of a monopoly market in this post.
What do u understand by patent?
An innovator receives a property right known as a patent from a government body. In exchange for full disclosure of the innovation and for a set amount of time, a patent grants the creator exclusive rights to the patented process, design, or invention.
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Answer:
33,610.42 units
Explanation:
For computing the minimum annual production rate first we have to determine the annual worth by using the PMT formula which is shown below:
Given that
Present value = $258,388
Interest rate = 10%
NPER = 7 years
Future value = $0
The formula is shown below:
= PMT(RATER;NPER;-PV;FV;type)
The present values comes in a negative
After solving this, the annual worth is $53,074.32
And, the annual operating maintenance cost is $28,599
So, the revenue should be
= $53,074.32 + $28,599
= $81,673.32
Now the minimum annual production rate is
= $81,673.32 ÷ $2.43
= 33,610.42 units
We refer to these types of goals as SMART goals
Specific
Measurable
Achievable
Relevant
Time-bound
I will purchase a three-bedroom house located near Cherry Park by my twenty-fifth birthday goal meets all these criteria
Six is your answer because if it cost $2.00 and you have 4 it makes sense
