Marika Spends Her Days in the Lab Trying to Create

question 49

Multiple Choice

Marika spends her days in the lab trying to create new and useful inventions.She would like to protect her monopoly over her inventions but only has time to submit one patent application at this time.She would like your advice on which of her following creations is the most likely to be granted a patent in Canada?

• A)a specific species of mouse, which after years of investigation, she has identified as the most appropriate for diabetes research
• B)a new method for assembling mouse cages
• C)a "one-click" ordering system for buying mouse cages from her website
• D)computer software that she designed in order to keep her research notes organized
• E)a play she wrote

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Definitions:

Price Ratio

The proportion between two prices, reflecting how many units of one good or service can be exchanged for one unit of another good or service.

Optimal Consumption

The point at which a consumer maximizes their utility or satisfaction from the goods and services they purchase, given their budget constraints.

Indifference Curves

Visual charts utilized in microeconomics to depict various combinations of two products that offer the same level of satisfaction and utility to a buyer.

Marginal Rate

Usually referred to in the context of taxes or production, indicating the rate of increase in tax payment or output produced with the addition of one unit of input.