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Proposals to reduce patent length for drugs are sometimes made, but some critics argue that such a change would result in even higher prices during the patent period as companies would need to recover drug development costs more quickly. Is this argument valid if drug companies maximize profit?
Telecom Namibia is considering the purchase of a machine at the of cost 100 thousand dollars, and which has a lifespan of only two years, after which it has a zero scrap vale. This investment, if undertaken, will generate gross return of 53 thousand ..
The main argument against monetary policy is that it affects only nominal variables, not real variables. Explain this argument using the two methods below. Explain and show on a graph the short-run and long-run equilibrium changes in the AD/AS model ..
Cerulean Corporation has two equal shareholders, Eloise and Olivia. Eloise acquired her Cerulean stock three years ago by transferring property worth $ 700,000, basis of $ 300,000, for 70 shares of the stock. Olivia acquired 70 shares in Cerulean Cor..
Provide an example of a possible confusion between theological beliefs and ethical principles in a commonly-held religious belief system.
Tom and Jacob are college student. each of them will probably get married later and have two or three children. Each knows that if he studies more in college, he'll get a better job and earn more money. What type of externality arises from studying?
Inflation is not the result but the cause of monetary emission. As there's inflation (because of other reasons not important here), people need more money and the central bank needs to print more money. How can you argue against that? As it seems to ..
Evaluate the institutionalist economists. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.
Define the fundamental responsibilities and key characteristics of the Chief Information Officer (CIO) and Chief Technology Officer (CTO) within health care organizations. Make one (1) recommendation where they can utilize their expertise to assist w..
Present alternative definitions of sustainability. Give examples for each definition. Discuss the relationship between dynamic efficiency and sustainability. Analyze diagrammatically the effect of price ceilings on the market for natural gas utilizin..
What will the new Lerner Index be after some time with the new demand curve and market price of 30? What firms survive the new demand curve in the industry and why?
Define yield, load factor, revenue, and profit. Explain the interaction between these 4 variables (for example, if an airline raises prices in an attempt to increase revenue, what is the likely effect on yield?).
During an election campaign, the incumbent argues that he should be reelected because GDP grew by 12% during his term in office. You know that population grew by 4% over the period, and that the GDP deflator increased from 100 to 108 during the past ..
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