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More than 90 companies have started producing SARS-CoV-2 antibody tests. Due to demand, the Food and Drug Administration (FDA) allowed the sale of antibody tests without formal federal review or approval. A study was recently conducted to assess the accuracy of 14 commercially available tests. -Suppose that Test A is 94% accurate in those who were previously infected and those who were not previously infected. Suppose that Test B is 92% accurate in those who were previously infected and 99% accurate in those who were not previously infected.
-The probability that a person who tests positive actually has the antibodies is referred to as the positive predictive value (PPV) of the test. Calculate the PPV of each test, under the assumption that the tests will be administered in a population where 6% of individuals are infected with SARS-CoV-2.
State and Local Governments in this country use sales taxes as means of generating revenue. In other countries, a value added tax (VAT) is used to generate Government revenue. Please explain the difference. In your opinion, which tax system is most e..
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -2, while group 2’s is -4. Your marginal cost of producing the product is $40. Determine your optim..
q.a friend of yours is considering two providers of cell phone services. provider a charges 120 per month for the
List out three policy rules that the Fed might follow. Which of these would you advocate? Why?
Aerotron Electronics is considering purchasing a water filtration system to assist in circuit board manufacturing. The system costs $40,000. It has an expected life of 7 years, at which time its salvage value will be $7,500. Operating and maintenance..
Provide a rational for why you feel the new target market and pricing strategy would be successful and the likely impact to the profitability of the firm.
A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no extra value to an auto-defrost feature. Female shoppers generally value microwaves more than men and attribute greater value to th..
Assume a firm (a) is a monopsonist in hiring labor and (b) is selling its product as a monopolist. Portray this market graphically. Correctly label all relevant curves, show the equilibrium wage rate and level of employment, and indicate the efficien..
Suppose the currency-to-deposit ratio is 0.25, the excess reserve-to-deposit ratio is 0.04, and the required reserve ratio is 0.05. Which will have a larger impact on the money multiplier: a rise of 0.05 in the currency ratio or in the excess reserve..
What are the relationships among marginal products, the marginal rate of technical substitution, and the slopes of isoquants?
q1. using graphical analysis describe the effects of the following events on their respective markets. concisely
q. in 1999 mercedes- benz usa assumes a new pricing policy which it called nfp negotiation- free process that sought to
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