35. Suppose that a firm's legal staff concludes that a new?

35. Suppose that a firm's legal staff concludes that a new production process which a firm is developing is patentable. Graphically, this
new information would shift the firm's expected rate of return curve on R&D to the:
A. right and reduce its optimal amount of R&D.
B. left and increase its optimal amount of R&D.
C. right and increase its optimal amount of R&D.
D. left and reduce its optimal amount of R&D.
40. Suppose that a firm introduces a highly profitable new product. If this new product is priced higher than existing substitute
products, then the:
A. new product has greater marginal utility than the existing products.
B. laws of economics have been violated.
C. new product must have increasing, not diminishing, marginal utility.
D. existing products were unprofitable to produce.

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