Other things equal, patents:
A. decrease the expected rate of return on an R&D expenditure.
B. increase the expected rate of return on an R&D expenditure.
C. increase the interest-rate cost of funds used to finance an R&D expenditure.
D. decrease the interest-rate cost of funds used to finance an R&D expenditure.
Answer: B
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Explain what increases in the price of oil have done to the exploration and extraction of oil from more costly sources of oil. What are some of these more costly sources of oil, and what happens to the quantity of proven oil reserves?
What will be an ideal response?
The basis for designing an effective export strategy most likely begins with ________.
A) identifying and developing the firm's core competencies B) hiring local personnel in target markets to build the business C) enlisting the support of an export management company D) simultaneously targeting a large number of foreign markets
Governments have to rely on taxes for financing because
A. they cannot borrow unlimited amounts. B. they usually spend all of the gold reserves. C. they are not allowed to sell bonds. D. it is easier to collect taxes than to print money.
Answer the next question based on information in the following table.ProductPercentage Change in IncomePercentage Change in Quantity DemandedW?1?1X+6+10Y?1+1Z+4+8Which product has the largest income elasticity of demand?
A. product W B. product X C. product Y D. product Z