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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<span>By utilizing economic theories, for example, Frequency disseminations, likelihood and likelihood conveyances, actual impedance, straightforward and various relapse investigation, synchronous conditions models and Time arrangement techniques, econometrics utilizes these speculations, math and statistical obstructions to evaluate the financial hypotheses.</span>
Answer:
704076 $
Explanation:
Exact statement of the question is:
<em>May 3, 2007, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2007, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)</em>
Solution:
Fro 3rd May to October 1st. 2017 there are 151 days
But 365 days = 1 year
==> 151 days = 151× 1/365 =0.414 years
But we use 1 year as one term
==> 1year = 1T
==> T = 0.414
R= 6.86
P= 685000
A=?
We use formula for the term:
A= P
Where A= ammount at the end of term
P= Loan amount
R= Rate of interest
T= No. of terms
Putting values in this formula;
==> A= 685000×
==> A= 685000 × 1.02784938489=704076 $
Answer:
e. $3,200
Explanation:
According to accrual concept the expense which is incurred but not been paid should be recorded in the same period when it is accrue.
At the end of the period only 4 days from Monday to Friday is pased for which the wages have not been paid. The expense is accrued and unpaid.
Pay per day = $800
Pay for 4 days = $800 x 4 = $3,200
Public administration is "centrally concerned with the organization of government policies and programs as well as the behavior of officials (usually non-elected) formally responsible for their conduct". A public administrator’s ultimate goal is the implementation of policies and regulations that further the public’s interests.
