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Answer the following questions, drawing upon the assigned readings and resources and using specific examples from those readings and resources to illustrate and explain your thoughts. In answering these questions, please follow this format: write out the question and then provide your response. when you reference (name) a theory, cite your source using the APA in--text citation style. you must cite sources and provide bibliographic references at the end of the assignment. The Shaw & Barry (2013) text is your primary resource in this course.
Assigned Questions: In recent years it has become an increasingly popular practice for drug companies to perform their clinical testing of new drugs in foreign countries that might not have the consumer protections or product liability laws present in the United States. Please answer each of the following questions using a theory studied specifically and thoroughly and using examples and facts from the readings and resources.
Are drug companies that test experimental drugs in foreign countries acting ethically? is American industry at too much risk of lawsuits to remain competitive? Should companies trying to develop drugs be given immunity from lawsuits?
Is it ethical for companies to decline to sell a useful drug because they can make more money marketing drugs that are more widely needed? Is it ethical for companies to decline to sell a useful drug in a foreign country because they can make more money marketing the drug elsewhere?
Do companies have an ethical obligation to make drugs available in poor countries at little or no cost?
REAL WAGES AND PRODUCTIVITY—ARE WORKERS' PAYCHECKS KEEPING UP? Over the long run, real wages grow at about the same pace as labor productivity. Select Productivity: Output Per Hour - Non-farm Business Productivity to find current information on perce..
Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down, as the case may be. How do fixed costs play a role in your analysis? What is the difference between shutting ..
In which of these instances is demand said to be perfectly inelastic. Elucidate is demand curve is horizontal.
Explain the concept of the multiplier, and explain the role of the marginal propensity to consume in determining the size of the multiplier. Explain how the size of the multiplier will change when one brings in the role of the marginal tax rate.
Arrival rate of customers and processing times of customers each have a coefficient of variation = 1.0. On average, how many customers are standing lines.
Edmund has the utility function U(x, y) = 2xy + 1. The prices of x and y are both $1 and Edmund has an income of $20. How much of each good will he demand? A tax is placed on x so that it now costs Edmund $2 while his income and the price of y stay t..
Three men claim to be the fastest gun in the West. To see who is right, they agree to meet at a desolate location in a desert. On a circular, cobblestoned area that is roughly 50 yards in diameter, each stands at the perimeter such that each man is e..
Moving along a demand curve, the quantity demanded decreases 8 percent when price increases 10 percent. Find the arc price elasticity of demand over the price range from $3 to $7. Interpret the value of price elasticity.
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -6, while group 2’s is -4. Your marginal cost of producing the product is $50. Determine your optim..
Use a short-run Phillips curve to Explicate why the inflation rate may decrease over the course of 2009. Under Illustrate what circumstances might the inflation rate not decrease during 2009.
Explain why excise taxes are more effective at raising tax revenues when applied to products with price inelastic demand versus ones with price elastic demand. Under what conditions would it be possible for tax revenues to decline with higher excise ..
Due to the changing environment and external triggers, contingency planning is necessary. What qualities make a future issue a trigger? Consider you are on the strategic planning team for a soft drink company. Here is your company’s future trigger: m..
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