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Your firm spent $100 million developing a new drug. It has now been approved for sale, and each pill costs $1 to manufacture. Your market research suggests that the price elasticity of demand in the general public is -1.1.
What price do you charge the public and what would happen to profits if you charged twice as much.What role does the $100 million in development costs play in your pricing decision.Medicaid agency has made a take it or leave it offer of $2 per pill. Do you accept?
organisational behaviour. Why is the relationship between age and job performance likely to be in issue of increasing importance during the next decade?
If you were to start your own business someday, describe the revenues and costs you would consider (make sure you are describing economic profit
Describe the relation between marginal and average costs. Describe the relation between marginal and average fixed costs. Describe the relation between marginal and average variable costs.
Proposals to reduce patent length for drugs are sometimes made, but some critics argue that such a change would result in even higher prices
Describe three or four key factors that impact the price of truffles. Which of these key factors do you think has the greatest impact on the price of truffles?
Explain the meaning of monetary neutrality and illustrate graphically that there is monetary neutrality in the long run in the aggregate demand–aggregate supply model.
What is predation? What is the Chicago school criticism of predation and what is the counterargument to this criticism? Give four non-predatory reasons as to why firms respond aggressively to entry. Is there any evidence that can allow one to disting..
q1. assume the two rival office supply companies office depot and staples both adopt cost matching policies. if
In considering the international realm, let’s consider the concept of economic treaties. Specifically, let's think about an organization like the European Union (EU). Why was it formed? In addition, what are some of the objectives of the nations that..
Under perfectly competitive conditions, marginal revenue is. A firm's break-even point occurs where. Consumer surplus is the area above the demand curve and below the equilibrium price. Perfect competition assumes that all products are identical and ..
An Investment has the following cash flow series where interest is 8 percent. Determine the present worth of the series. Determine the future worth of the series at the end of year 8. Find the worth of the series at the end of year 2.
If the bank is willing to pay 13 percent compounded? annually, how much must you deposit each year to obtain your? goal?
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