User Account

All Pages

Developing a new drug

Assignment Help Business Management
Reference no: EM131564598

Your firm spent $100 million developing a new drug. It has now been approved for sale, and each pill cost $1 to manufacture. Your market research suggests that the price elasticity of demand in the general public is -1.1.

a. What price do you charge the public?

b. What would happen to profits if you charged twice as much?

c. What role does the $100 million in development costs play in your pricing decision?

d. The Medicaid agency has made a take-it-or-leave-it offer of $2 per pill. Do you accept it? Why or why not?

Reference no: EM131564598

Questions Cloud

Preconditions for economic growth : "List and discuss the three preconditions for economic growth. Do you believe that one of these is the most important and, if so, why?''
Possible means of reducing the wage gap : Prohibition of discrimination, affirmative action, and comparable worth are all possible means of reducing the wage gap.
Create an employee object using the default constructor : Create an Employee object using the default constructor. Format the currency using the following formatting services. Display the Employee information.
Find the first three terms of the binomial expansion : A wire hung between two poles is parabolic in shape. To find the length of wire between two points on the wire, the expression v(1 + 0.08x2) is used.
Developing a new drug : Your firm spent $100 million developing a new drug. It has now been approved for sale, and each pill cost $1 to manufacture.
Elaborate marketing plan proposal : The Marketing Plan Proposal explain the product and market. Please use proper grammar and punctuation.
Calculating hypothetical changes in gdp : Go to the Bureau of Economic Analysis at http://www.bea.gov, and use the BEA interactivity feature to select National Income and Product Account Tables.
Created the negative impression : What was it about the negotiation that created the negative impression?
Show the middle term of a finite arithmetic sequence : Show that the middle term of a finite arithmetic sequence equals S/n. if n is odd.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd