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Assume a firm has a patent on one of its products whose sale generates $32,700/year more revenue than production costs. If the annual interest rate is 20 percent, what is the market value of this patent?
Business Economics, Economics
On the ballot, Illinois voters had the option to select "yes" or "No" when asked if the state's minimum wage should be increased from $8.25 to $10 an hour by January 1, 2015. Before the actual voting date, a survey with ...
Suppose, after collecting data on an existing firm's actual short-run ouput, the following production function is found to match the data: TP = Q = 5*L + 0.6*L2 - 0.01*L3 1. Using the equation above, find the following ...
According to a research? institution, the average hotel price in a certain year was ?$95.36. Assume the population standard deviation is ?$20.00 and that a random sample of 42 hotels was selected. a. Calculate the standa ...
There are 100 identical firms in a perfectly competitive industry. Market demand is given by -200P +8000. If each firm has a marginal cost curve, MC = .4 q + 4. What is the firm's supply curve? What is market supply? Wha ...
1. For each of the following, write out the null and alternative hypotheses, and indicate whether it is a one-tail or two-tail hypothesis test a) Do Canadian children whose parents are librarians do better than Canadian ...
If Average Total Costs are 16.83 at 6 units of output, what are Total Costs?
A decision maker has ordered every commodity in Walmart alphabetically according to the commodity's name. Every time when he needs to choose from several commodities, he always choose the second one according to his orde ...
How can local the local government help prepare employees for higher level positions in the organization.
The time spent (in days) waiting for a heart transplant can be approximated by a normal distribution. Day range of 60-200. u=129 o=20.2. (a) What is the shortest number of days spent that would put a patient in the top 3 ...
Consider the following production function that is already written in per worker terms: y = Akαh 1-α where h represents human capital per worker. Suppose we are given the following information: capital per worker in an e ...
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