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Question
Apotheosis is a small pharmaceutical company that has just developed and patented the first drug to treat the genetic cause of a rare disorder and not simply its symptoms. You are managing the department in charge of setting the price and quantity for the company's drug. Your analysts have estimated that the market demand for this drug in the company's country, a, is given by: () = 1,050 - 4, where is the quantity of annual prescriptions and is the price for a yearly prescription of the drug. Your research department has run a statistical cost analysis which estimates that the cost of producing this drug is () = 70,125 + 0.01252. This implies a marginal cost of production of () = 0.025. a) Find the profit-maximizing price and quantity, and compute the firm's profit in this case. Should Apotheosis shut down in the short run? Justify your answer.
Describe the effects labor migration has on the country of immigration, emigration, and the global world
Cornell has two options for upgrading their athletic facilities. The off campus option costs only $20 million, but it will require frequent bus service to those facilities at an annual cost that starts at $300,000 and increases by 4% per year.
Use terms for direction and timing to characterize the movement of the nominal interest rate over the macroeconomic cycle. Detail you explanation by reference to the Keynesian transmission mechanism.
Rachel, an ingenious USC student, develops a new personalized laser gun. After graduating, she starts her business. As part of her business plan:
The following questions are based on fixed exchange rate and/or flexible exchange rate regime from the perspective of macroeconomic policy implications in an open macroeconomic model. Assume a country is in a fixed exchange rate regime such as China...
q1. what is the appropriate balance between private and public i.e. government activity? think of a case where the
What would comments look like on Theoretical or Conceptual Framework Social Media Application in Agriculture Extension Programming for Small Scale Rural Farmers
A 23 Feb 2015 farm journal reported the following events that affected the market for milk that year. The number of cows in the U.S. increased 0.9%, and the amount of milk produced per cow increased 2.4%. Which milk demand and/or supply determinant(s..
Define generalized reciprocity, balanced reciprocity, negative reciprocity. Provide examples of each of these types of economic systems
What are the measurement for economic development such as Health, education. Describe different between development and growth?
If aliens come and take a large percentage of our cows what happens in the market for synthetic leather baseball gloves? (Assume a normal competitive market)(Show the graph, label all relevant points, and explain what happens to price and quantity. E..
In the text, we suggested that for well-off individuals with uniform taxation, preferences for education were not single-peaked. Why might preferences for local parks and urban public transportation systems (e.g., buses and subways) also not be singl..
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