Ida Has Just Invented a Machine That Diffuses Radar but Looks

question 2

True/False

Ida has just invented a machine that diffuses radar but looks like a pair of fluffy dice. It causes police radar traps to greatly underestimate the speed at which a car is travelling. Ida can protect her new invention using the law of patent.

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Definitions:

Excess Demand

When the quantity demanded of a good exceeds the quantity supplied.

Utilities Possibilities Frontier

A graphical representation that shows the maximum amount of two different utilities that can be achieved with a given set of resources.

Unattainable

Refers to goals, objectives, or levels of production that cannot be achieved with the current availability of resources or technology.

Utilities Possibilities Frontier

A graphical representation showing the maximum levels of utility that two individuals or more can achieve given a fixed set of resources.