Author Question: A patent grants an inventor exclusive rights to a product for how long? A) 14 years B) 17 years ... (Read 107 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
A patent grants an inventor exclusive rights to a product for how long?
 
  A) 14 years B) 17 years
  C) 20 years D) the lifetime of the product

Question 2

Refer to Figure 3-6. The figure above represents the market for coffee grinders. Assume that the price of coffee grinders is 50. At this price,
 
  A) there is a surplus equal to 90 coffee grinders that will be eliminated when the price falls to 25.
  B) the supply exceeds the demand by 90. Some producers will have an incentive to offer to sell coffee grinders at a lower price.
  C) there is a surplus equal to 90 coffee grinders and the price of coffee grinders will fall until demand is equal to supply.
  D) the quantity supplied exceeds the quantity supplied by 100. The price will eventually fall to 25 where quantity demanded will equal quantity supplied.



CharlieArnold

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

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?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

For a complete list of videos, visit our video library