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Chapter 8
Assignment-Monsanto Case
Read the Apply Your Knowledge "What Would You Do" feature on about Monsanto corporation.
Consider the Monsanto case discussed in the Apply Your Knowledge feature at the end of this chapter. In what ways does the adversarial stance taken by Monsanto shape its communication strategies? Why would lawyers benefit from working closely with public relations counsel? For litigation? For dispute resolution through effective negotiation?
Use your own example in order to illustrate these concepts. Can the marginal utility from a product be negative? If yes, give an example.
Find the relationship between marginal costs and benefits at this level. In general what assumptions are implicit in such an analysis?
1. A pharmaceutical company has estimated the following demand and supply curves for their new drug:
Using the PPF analysis, explain what this means, the consequences of this behavior with regards to economic growth, and what the government could do to rectify the problem.
John has a factory that produces paper and as a side product some chemicals are thrown into the water: one unit of the pollutant per unit of paper. The marginal benefit to John of producing paper is given by MB = 10 – Q. What is the socially efficien..
Describe Deng's similarities and differences from Mao. What were some challenges Deng faced, and how did the Democracy
Consider the question of whether or not should the United States should abdopt the Gold Standard. Consider the impossible trinity mentioned above and carefully define all terms and concepts to which you refer.
How has contemporary culture influenced the humanities and creative expression?
1.- Mention 3 examples of monopolies that you identify in reality, explain the reasons why it is a monopoly (type of product, barriers and how they were formed)
Pick ONLY one Market - either a product and/or service market or a specific Labor Market that you can talk about. Be specific on the above questions about your market.
Is this projected outcome consistent with the law of demand? What is the price elasticity of demand associated with this pricing decision? Should you increase the price?
Show the demand curve for increase and decrease in demand of goods and services and discuss?
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