Apharmaceutical company has created a new drug and has obtained a patent for it. the government allows the company to hold the patent on the drug for 20 years. how does this financially benefit the company? the company will be able to charge other manufacturers who want to produce the drug. the company financially benefits as the exclusive provider of the medicine. the company will get scientific recognition for its work in developing the medicine. the company will be able to use the patent to convince scientists to work in its lab.

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations