Tech Vision, Inc

question 22

Essay

Tech Vision, Inc. has purchased several copies of a patented cell phone. It instructed its engineering team to take the phones apart, figure out how they work, and then make identical cell phones for Tech Vision. Have any parties committed infringement? Discuss.

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Definitions:

Average-Total-Cost Curve

A graphical representation showing the relationship between the average total cost of producing a good and the quantity of the good produced.

Diminishing Marginal Product

A principle stating that, holding all else constant, an increase in the quantity of one input will eventually lead to lower additional output per unit of input.

Marginal Product

The extra production that comes from using an additional unit of input, while keeping other inputs unchanged.

Total Cost Curve

A graphical representation of the total cost of production, which shows how total cost changes as the quantity of output changes.