A firm is concerned about the possibility of patent infringement and has hired an attorney to review patents. If the attorney is reviewing 100 patents and the marginal cost of reviewing the 100th patent is $40 and the expected marginal benefit of reviewing the 100th patent is $45, which of the following is true?
A) The firm's total cost of infringement will decrease if the number of patents reviewed decreases.
B) The firm is minimizing the total cost of infringement.
C) The firm's total cost of infringement will increase if the number of patents reviewed increases.
D) The firm's total cost of infringement will decrease if the number of patents reviewed increases.
D) The firm's total cost of infringement will decrease if the number of patents reviewed increases.
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Which of the following is NOT associated with the new Keynesian economics?
A) small-menu cost theory B) market-clearing models to explain business cycles C) inflation dynamics D) sticky-price theories of real GDP determination
What did the former British Prime Minister Winston Churchill mean when he said,"Democracy is the worst form of government, except for all those other forms that have been tried from time to time"?
What will be an ideal response?
A 401(k) account means that the maximum amount of savings that can be deposited is $401,000.
A. True B. False C. Uncertain
A corporation's earnings are
a. the amount of revenue it receives for the sale of its products minus its costs of production as measured by its accountants minus the dividends paid out. b. the amount of revenue it receives for the sale of its products minus its direct and indirect costs of production as measured by its economists minus the dividends paid out. c. the amount of revenue it receives for the sale of its products minus its costs of production as measured by its accountants. d. the amount of revenue it receives for the sale of its products minus its direct and indirect costs of production as measured by its economists.