Basic research is non-excludable and non-rival. However, the government of Hamsterville has noticed that innovators are preferring to go to the beach instead of the lab because it takes time to develop new processes and products, but the innovators do not get any benefit out of it. As a result, the government has created a patent system that gives inventors the right to be the sole producer of anything invented for 15 years. When the government created the patent system, what kind of good did basic research effectively become?

a. Public good
b. Private good
c. Collective good
d. Common good
e. A good with positive externalities

The bonds issued by the south foot bear a coupon rate of 7.5 percent, payable semiannually. the bonds mature in 6.5 years, sell at par, and have a $1,000 face value. what is the yield to maturity

Why should managers invest any excess cash

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.