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Question: Drug companies often charge much more for the same drug in the United States than in other countries. Congress often considers passing laws to make it easier to import drugs from these low-price countries (it also considers passing laws to make it illegal to import these drugs, but that's another story). If one of these laws passes, and it becomes effortless to buy AIDS drugs from Africa or antibiotics from Latin America-drugs that are made by the same companies and have essentially the same quality controls as the drugs here in the United States-how will drug companies change the prices they charge in Latin America and Africa? Why?
Labor and other operating costs are es- timated to be $35,000 per year over the study pe- riod of 5 years. Salvage is estimated at 10% of first cost and i = 12% per year. Neglect the element of availability (a) to determine the breakeven quantity,..
Suppose that the economies of scale in using fracking methods in drilling for oil are greater than when using conventional drilling methods. What would the likely consequences be for the number of firms drilling for oil in the United States?
the changing business environment requires organizations to find creative ways to compete with others in their industry
Using an appropriate model explain why any tax on coffee may impact on tea produce?
topic research and evaluate sustainability economic and sustainable agriculture.you may consider evaluating a current
Notice the following model of a bond market. In each situation given, describe what happens to the bond price and yield and why. The graph is price of bonds on the vertical axis and quantity on the horizontal axis. With Supply of bonds starting above..
Suppose that in response to a foreign crisis, the goverment increases defenst spending to $50 billion. How would the increase in defense spending affect the economy How would the effects differ depending on the size and sign of the output gap when..
what happens to the AFC per paper, the MC per paper, and the minimum amount that you must charge to break even on these costs?
A firm bought a used machine 2 years ago for $1500. When new, the machine cost $8000.
The ECON3305 company was considering a price increase and wished to determine the price elasticity of demand
Economists generally dislike the restriction of trade because it
Suppose no economies or diseconomies of scale exist in a given industry. What will the firm's long-run average and marginal cost curves look like? Would you expect firms of different sizes to be able to compete successfully in such an industry?
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