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A recent report indicatesthat nearly 50 Americans contract HIV each year through blood transfusions.Although every pint of blood donated in the United States undergoes a batteryof nine different tests, existing screening methods can detect only the antibodiesproduced by the b0dyâ??s immune systemâ?"not foreign agents in the blood. Since it takes weeks or even months for these antibodies to build up in the blood, newly infected HIV donors can pass along the virus through blood that has,passed existing screening tests. Happily, researchers have developed a series ofnew tests aimed at detecting and removing infections from donated blood beforeit is used in transfusions. The obvious benefit t of these tests is the reduced incidence of infection through blood transfusions. The report indicates that the current price of decontaminated blood is $80 per pint. However, if the newscreening methods are adopted, the demand and supply for decontaminatedblood will change to Qd = 175 â?" P and Qâ?? = 2P â?" 200. What price do youexpect to prevail if the new screening methods are adopted? How many units ofblood will be used in the United States? What is the level of consumer and pro-ducer surplus? Illustrate your ?ndings in a graph
Elucidate from a financial point of view why a firm might want to stay in business in the short run when total revenue is below total costsElucidate from a financial point of view why a firm might want to stay in business in the short run when tota..
Which of the following goods or services would be most likely to be subject to (1) external economies of scale and (2) dynamic increasing returns? Describe your answers.
Calculate the predicted change in tickets sold if the price were raised to $11. Also elucidate the expected change in total revenue.
As a manager of a financial planning company you have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement
Illustrate economic evidence is required to determine whether there are long-run increasing returns to scale in banking.
Illustratr what is the Keynesian solution to a recession or depression. Explain how does the Keynesian multiplier work.
The effects on the development also diffusion of computer technology in the 1970s and 1980s on the U.S. economy in the late 1990s to the present.
True/False: For each of the following concepts, decide whether it's true or false, and briefly explain why (2-3 sentences). You can also use diagrams if they are helpful. Each correct answer is worth.
The present spot exchange rate is $1.55/£ and the 3M forward rate is $1.50/£. On the basis of your analysis of the exchange rate.
Identify that a risk averse agent offered terms worse than actuarially fair will not choose to insure fully.
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
If the US population is growing at .88% per year, while GDP is growing at 2.5% per year, and if these growth rates remain constant for the next five years, what will be the population and GDP levels in five years? Please show your work.
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