What are royalties?

a. fees paid to celebrities for using their names
b. fees paid to law firms and accountants
c. a percentage of profits paid to the government
d. a percentage of earnings paid for a franchise

Answer: d. a percentage of earnings paid for a franchise

Economics

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Suppose Canon Inc decided to invest 45 billion yen in developing and launching a new model of its digital camera, expecting that it will bring additional sales of 60 billion yen

The company has already invested 38 billion yen when the marketing department suddenly finds out that the introduction of a similar camera by Sony will reduce Canon's expected additional sales to 30 billion yen. The company's management is trying to decide whether to continue investing in the new product or close the project. Canon hires you as an economic consultant. So, think like an economist to help the company's management make their decision: a) At this point in time, what is Canon's marginal cost of introducing the new product? b) What is Canon's marginal benefit from introducing the new product? c) Will you advise Canon to finish the project and introduce the new product? Why or why not? What principles of economic thinking will help you analyze the situation and make the right choice?

Economics

If there is pollution in producing a product, then the market equilibrium price

A) and equilibrium quantity are too low. B) and equilibrium quantity are too high. C) is too low and equilibrium quantity is too high. D) is too high and equilibrium quantity is too low.

Economics