This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Designing your products with proprietary technology, is a way to A) protect intellectual ... (Read 74 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
Designing your products with proprietary technology, is a way to
 
  A) protect intellectual property.
  B) increase switching costs for your customers.
  C) grandfather in your products.
  D) decrease your marginal cost.

Question 2

Explain why the long-run total cost curve, not the short-run total cost curve, shows the lowest cost of producing any level of output. Is there an exception?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcomstock09

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

In the long run, all costs are variable so the firm can select the least-cost mix of all inputs to produce any given quantity. The exception would be at minimum long-run cost where min. LR and min. SR costs are equal.


bobbysung

  • Member
  • Posts: 519
Reply 2 on: Jul 1, 2018
Wow, this really help

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Both students with intellectual disability (ID) and students who are intellectually gifted need ... Both students with intellectual disability (ID) and students who are intellectually gifted need ...
How is the allegory of the cave a metaphor for achieving intellectual insight and wisdom? How is the allegory of the cave a metaphor for achieving intellectual insight and wisdom?
Common Fluoride Products Common Fluoride Products
Use rubber gloves (latex or nonlatex) to cover hands as needed to protect against contamination in ... Use rubber gloves (latex or nonlatex) to cover hands as needed to protect against contamination in ...
Automotive Technology Automotive Technology
Products of Protein Breakdown Products of Protein Breakdown
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library