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Recently the FDA approved a vaccine for HPV manufactured by Merck Co. and will likely approve a similar vaccine made by GlaxoSmithKline this year. (HPV is a virus that causes most cases of cervical cancer in women.) Currently there is a huge debate in several states over requiring the vaccine for girls by age 12.
a) What kind of market failure would support this regulation? (Hint: Think about public goods, externalities and google "herd immunity"). Explain. Be complete and use the language of economics.
b) What kind of government failures could result? Explain. Be complete and use the language of economics.
Compare operations of foreign exchange markets to domestic markets. Explain how foreign exchange rates, economic conditions, and the international business environment affect prices charged in foreign markets.
What criteria would you apply to determine where such a policy is or is not successful. Judging from your own stated criteria, was Japan's exercise successful. Why or Why not.
Regulations have increased and continue to increase in insurance and the financial markets, partially to ameliorate financial instability.
a. What is the expected interest rate for the junk bond investment? b. Which investment will you choose if your utility function is given by U = (M2)? c. Which investment will you choose if your utility function is given by U = (√M)?
Suppose a firm in a competitive market reduces its output by 20%, as a result the price of its output is likely to? Suppose a firm in a competitive market produces and sells 150 units of output and earns $1800 in total revenue from the sales, if the ..
A production process exhibits economies of scale if:
Suppose that England experiences higher inflation than the United States and at the same time the pound appreciated relative to the dollar. What does this imply?
Suppose you are given the following Total Product Function: Q=100K^3/2 L^4/2 M^4/7,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Take the log of the above func..
When thousands of products and their prices are at stake, does it make sense that comparative advertising at the store level be permitted? Based on what you read and any further research you choose to do, has Wal-Mart competed fairly with its compara..
Widgets are sold by a constant-cost industry where each firm has fixed costs of $60 and each firm has the following marginal cost curve: In long run equilibrium, what is the price of a widget? The city would like the price of widgets to change. Plan..
With your knowledge about the two types of monetary policy, give a brief news blog explaining either expansionary or contractionary policy.
Discuss why it is important to evaluate processes within an organization using flowcharting and performance metrics.
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