Question: Chapter 13 Learning Objectives:The difference between patents and trade secrets, and why a company might choose to rely on trade secrets rather than obtain a

Chapter 13 Learning Objectives:The difference between patents and trade secrets, and why a company might choose to rely on trade secrets rather than obtain a patent; what copyrights are, how to obtain them, and how they differ from trademarks.

Part I:Patents - Read the questions or situations below and provide your answers.Please make certain to clearly identify your responses to each question or situation.Be complete in your answers.

1. Calera, Inc. discovers a way to capture carbon dioxide emissions at a California power plant and use them to make cement. This is a win for the power company, which needs to reduce its carbon dioxide emissions, and a win for Calera. Calera decides to patent this invention. What kind of patent would this be? A machine? A composition of matter? A manufacture?

2. In your opinion, what is the benefit of allowing companies to isolate genetic material and claim a patent? What kind of patent would this be? A machine? A composition of matter? A manufacture?

3. How could a "garage inventor," working on her own, protect a patentable invention while yet demonstrating it to a large company that could bring the invention to market?

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=+ 2. In the steady state of the Solow model, at what rate does output per person grow?

=+ a. Express output per worker (y = Y/L) as a function of capital per worker (k = K/L) and the natural rate of unemployment (u).

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