A Firm Is Concerned About the Possibility of Patent Infringement

question 12

Multiple Choice

A firm is concerned about the possibility of patent infringement and has hired an attorney to review patents. If the attorney is reviewing 100 patents and the marginal cost of reviewing the 100th patent is $30 and the expected marginal benefit of reviewing the 100th patent is $25, which of the following is true?

• A)The firm's total cost of infringement will decrease if the number of patents reviewed decreases.
• B)The firm's total cost of infringement will increase if the number of patents reviewed decreases.
• C)The firm is minimizing the total cost of infringement.
• D)The firm's total cost of infringement will decrease if the number of patents reviewed increases.

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Definitions:

Synaptic Knobs

Enlarged areas at the ends of axons that release neurotransmitters to transmit signals to other neurons, muscle cells, or glands.

Neurotransmitters

Substances that conduct messages across synapses from one nerve cell to another within the nervous system.

Motor Neurons

Specialized nerve cells responsible for transmitting impulses to muscles and glands.

Arachnoid Mater

One of the three layers (meninges) that surround and protect the brain and spinal cord, lying between the dura mater and the pia mater.