Answer:
The correct answer is property.
Explanation:
Intellectual property, unlike physical property, is intangible creative work. It refers to the creation of the human mind and intellect. It includes artistic and literary works, inventions and innovations.
There are many types of intellectual property. The main types are
- Copyrights
- Trademarks
- Patents
- Trade secrets
The intangible nature of these properties makes it difficult to manage as compared to physical property.
The economic doctrine that opposes government interference in economic activities is called laissez-faire.
Answer:
1. I grouped the costs into explicit and implicit costs below
2. accounting profit = 89000
3. economic profit = 3000
4. daniel should stay in the piano business
Explanation:
<u>explicit costs include</u>:
1. The wholesale cost for the pianos that Darnell pays the manufacturer at $452000
2. The wages and utility bills that Darnell pays at $301000
<u>the implicit costs include:</u>
1. The salary Darnell could earn if he worked as an accountant at $48000
2. The rental income Darnell could receive if he chose to rent out his showroom at $38000
<u>accounting profit</u><u>:</u>
842000-452000-301000
= 89000
<u>economic profit</u><u>:</u>
842000-452000-301000-48000-38000 = 3,000
<u>as an accountant economic profit</u><u>:</u>
48000+38000-89000
= -3000
so he should stay in the piano business so that economic profit would be maximized.
D. income segmentation
The packaging for the laundry detergent is being improved upon for the benefit of “low-income consumers” and “tight budget” students. Therefore, the answer would be relative to income.