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Question: Elhauge (2005) defined corporate social responsibility as "sacrificing profits in the social interest."
Using this definition and the ideas of efficiency and equity discussed in Roger Strickland's video, consider the case of Mylan's EpiPen.
How would you summarize the question of social responsibility surrounding Mylan's choice of price?
What would Friedman say that Mylan should charge for the EpiPen? To whom are the executives of Mylan responsible?
What would Almeder say that Mylan should charge? What justification might he offer for selling less that "what the market could bear"?
What type of economic policy did Mexico follow from the end of World War II until the 1980s? Describe the three-stage strategy that supporters of this policy.
What is the meaning of economics of scope? How do they differ from economics of scale? Provide examples in your discussion.
Discuss the sources of each issue and explain how the issue affects the global food supply. What are the positive and negative effects of each issue?
Using year 1 prices, what is real GDP per worker in year 1 and year 2? What is labor productivity growth between year 1 and year 2 for the whole economy?
Discuss specific changes in supply and demand within the markets and/or industries you chose to analyze. Examine prior government policies and legislation.
Suppose there are two inputs in the production function-labor and capital-and that these two inputs are perfect substitutes. The existing technology permits.
Total factor productivity and investment: Suppose the TFP parameter, A, increases permanently. What happens to the desired capital stock?
What paradoxes about cultural globalization does Tyrell illustrate through the case of the Indian cinema industry?
Illustrate graphically the monopolist's profit maximization problem. Include the monopolist's profit-maximizing price and level of output, any consumer surplus.
There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in..
In the example from the Exchange Without Production section, construct a different series of trades among the five people and show that it leads.
What is the real interest rate that the central bank sets in equilibrium, and what is the real interest rate that the central bank would like to set.
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