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If the law end patent protection (in the U.S.) if the price of a drug was above the median price charged in the next seven wealthiest countries. Describe the implications we should expect if this bill were to become a law. Would consumers be better or worse off?
Let us suppose that the consumer is choosing between beer and milk. The consumer will always prefer beer to milk. However, if the consumer has two choose between two consumption bundles having equal amounts of beer and different amounts of milk, then..
In 2018 Aman gave his church $50,000 in cash. He also gave his alma mater university another $70,000 of appreciated stock (basis of $18,000).
Draw the complete intertemporal consumption-savings model, and label completely and correctly. You may choose whether your consumer is a borrower or a lender, but state your choice.
Narria Investments Ltd. filed a suit in a Texas State Court against several defendants, including Harveston Securities Inc., a securities dealer. Harvestons is registered with the state of Texas and thus may be served with a summons and a copy of a c..
Suppose that the demand for a good is given by Qd = 1000 − 20p and that each unit can be produced at a cost of 8. Assuming this market is perfectly competitive, find the quantity and price in equilibrium.
State whether the following production functions exhibit increasing, constant, or decreasing returns to scale in K and L.
Which type of industries would make the most use of short-range forecasts? Which would make the most use of medium-range forecasts? Which would make the most use of long-range forecasts? Why?
An alternative to rent-control laws that would not reduce the quantity of housing supplied is:
Explain and discuss the 3 possible exchange rate policies (Flexible exchange rate, Fixed exchange rate and Crawling peg) that can be adopted by any government/c
Assume the market for ceiling fans is perfectly competitive and is currently in equilibrium.
Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? Explain your answer.
Suppose that the inverse demand for clothes hangers is given by: P = 3 − Q/16,000. Suppose further that the marginal cost of producing hangers is constant at $1. What is the equilibrium price and quantity of hangers if the market is competitive?
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