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The increase in prescription drugs cost, increases the drug companies profit. Should there be restrictions to lower consumer cost and how much of their profit should be reinvested into research and development?
Business Economics, Economics
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Suppose that the demand curve for a businesses is given by P= 10000-4Q^3 and supply is P= 2000 + 4Q^3 a. Find the equilibrium price and quantity b. Calculate consumer surplus at the equilibrium price c. Calculate produce ...
1. In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsidizing these products? Instructions: You may select more than one answer. Click the box w ...
When we look at the ease to enter the different market structure, there is no doubt that 'monopoly' is the hardest. Why? -- There is only ONE firm that has established 'economies of scale' with the production of their go ...
ESPN pays the NFL $1.1 Billion per year for 8 yrs for the right to exclusively televise football. What is the NPV of the investment if the parent Disney CO has an opportunity interest rate that is equal to the cost of ca ...
Suppose that a certain precinct contains 350 voters, of which 250 are Democrats and 100 are republicans. If 30 voters are chosen at random from the precinct, what is the probability that exactly 18 democrats will be sele ...
State whether each of the following will increase, decrease, or have no effect on the population variance. (a) the sum of squares ( SS ) increases This change will increase the population variance. This change will decre ...
A random sample of the closing stock prices in dollars for a company in a recent year is listed below. Assume that sigma σ is ?$2.59. Construct the 90?% and 99?% confidence intervals for the population mean. Interpret th ...
Explain Huffman Coding to me: i.e. how it works, with examples, in a clean, precise manner.
What is the theory of consumer choice and how it consumers facing trade-offs make decisions and how they respond to changes in their environment?
In an effort to check the quality of their cell? phones, a manufacturing manager decides to take a random sample of 10 cell phones from? yesterday's production? run, which produced cell phones with serial numbers ranging ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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