Refer to the table below. If the attorney reviews 53 patents, what is the expected marginal benefit of reviewing the 53rd patent?
The above table shows the quantity of patents reviewed by a firm's attorney and the corresponding probability that the firm will infringe on another firm's patent. The cost of infringement is $50,000.
A) -$20,000
B) $2,000
C) $20,000
D) -$2,000
B) $2,000
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In the 2008-09 recession, the percentage of part-time workers due to economic reasons
A) rose to almost 18 percent. B) did not include teenagers. C) equalled the unemployment rate for those who are part-time workers due to non-economic reasons. D) decreased slightly over the period. E) doubled from 3 percent to 6 percent.
What factors cause private and social rates of return for primary and secondary education to diverge in developing countries?
What will be an ideal response?
In this graph, which of the following shows that profits have been eliminated in the long run?
a. The MC curve is tangent with the MRLR
b. The ATC curve is tangent with DLR
c. The MC curve crosses DLR
d. The MC curve crosses ATC curve
Due to automatic stabilizers, when income rises, government transfer spending:
A. and tax revenues increase. B. increases and tax revenues decrease. C. and tax revenues decrease. D. decreases and tax revenues increase.