Intellectual property, unlike more tangible assets, can be created without the cost of time or money, and thus the patent and copyright system needlessly creates monopoly ownership of intellectual property that should be provided for free to the public
Indicate whether the statement is true or false
false
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The demand for potatoes at current prices is likely to be
A. elastic. B. inelastic. C. unit elastic. D. perfectly elastic.
A contractionary fiscal policy is...
What will be an ideal response?
The real-balance effect indicates that at higher price levels
A. the value of the dollar will increase. B. the purchasing power of money will increase. C. the real value of money holdings increase, resulting in increased saving. D. the real value of money holdings fall, resulting in decreased spending.
The accompanying table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. Number of EmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The total labor cost with 4 employees is:
A. $43,121. B. $38,000. C. $22,000. D. $21,500.