Which form of intellectual property protects an auto manufacturer's new radio that recognizes your voice and plays your favorite songs?
A. Trademark
B. Copymark
C. Copyright
D. Patent
Answer: D
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Refer to the scenario above. The demand for Go!'s soccer balls is 2,500 units if ________
A) the price charged by Sporty is higher than the price charged by Go! B) the price charged by Go! is higher than the price charged by Sporty C) the price charged by Sporty is equal to the price charged by Go! D) the price charged by Go! is higher than the cost of producing a ball
A market supply curve reflects the
A) marginal private costs of producing a good or service. B) marginal social costs of producing a good or service. C) external costs of producing a good or service. D) external benefits of producing a good or service.
The total cost of the firm
A) includes explicit costs but excludes implicit costs. B) includes implicit costs but excludes explicit costs. C) includes implicit and explicit costs. D) includes implicit and explicit costs but excludes a normal rate of return on investment.
Which statement is true?
A. The United States is usually inside our production possibilities curve. B. The United States is usually outside our production possibilities curve. C. The United States is usually on our production possibilities curve. D. None of the statements are true.