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PharmaCo is advertising a drug it has recently released to the market. The drug, Aionios, has been shown to lead to a 40% reduction in the occurrence of heart attacks in men older than 50. The rate of heart attacks in this population group and in the control group during testing) was 2% per year.
Question 1: What are the absolute risk reduction (ARR), relative risk reduction (RRR), and number needed to treat (NNT) for the drug?
EverKleen Pool Services provides weekly swimming pool maintenance in Atlanta. Dozens of firms provide this service. The service is standardized; each company cleans the pool and maintains the proper levels of chemicals in the water. At what output le..
Is the open market, capitalist economic philosophy now the only viable model for fostering economic development and prosperity? Should (or could) the state play a more direct role in guiding the economy? How similar is the global economy of 2007 to t..
If a producer (who has no impact on prices) is correctly profit maximizing and making a profit, what must be true about average vs marginal cost at the current quantity being produced?
In this assignment, you will examine how to construct production possibilities frontiers and use them to explore economic tradeoffs. Each country on your graph should have the same degree of concavity, with the two outputs of goods and services label..
In this exercise, you will explore the equilibrium of a market in which we know the cost function of the firms, as well as the demand function of consumers. You will first analyze the short-run equilibrium, and then the long-run equilibrium. Draw the..
q1. a corporation has 7 million in equity. during the tax year it takes in 4 million in receipts and earns 2 million in
What are the effects (both short-run and medium-run) of the following changes in the Solow model of economic growth:
-What does the recent economic history of Brazil tell you about the relationship between price inflation and exchange rates?
The firm has 16 units of capital in the short run. Determine the amount of labor required to produce 64 units of output.
Can you identify any industries in your country that fit the Dominant-firm competitive fringe model? Using a diagram, show how much consumers benefit from buying from a dominant firm-competitive fringe rather than from a monopoly.
Identify whether each of the following is an example of adverse selection or moral hazard and explain why:
A county is considering using a piece of park land for one of two alternative projects. Project A would require construction costs
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