Drugs for the young population

Assignment Help Business Management
Reference no: EM131191960

Assume that you are the only pharmacist in a small mid-western small town. You know that the closest pharmacy is about 50 miles away. There are two population groups in your town. The first one if that of young farmers while the second one consists of retirees. Your experience in this market tells you that the young population in you r town is less concerned with price than the retired population. Even better, you know that the price elasticity of demand for the young population is -2 and that retirees have an own price elasticity of demand of -4. Is there any way that you can use this information to your advantage? Will you price drugs differently for these two different groups? Assume that the drugs for the young population and the retirees are different and one group cannot buy the drugs cheaper and sell it to the other.

Reference no: EM131191960

Questions Cloud

Discuss rationale for a dissemination plan for a research : Discuss the rationale for a dissemination plan for a research or evidence-based project. How important is the knowledge of the research process to you in your continued practice of nursing?
Graph the yield curve : Assume that current interest rates on government securities are as follows:-one- year rate, 5 percent; -  Graph the yield curve.
Describe characteristics of a fungus and a fungal infection : Briefly describe the characteristics of a fungus and a fungal infection. Develop medication cards for systemic and topical antifungal medications
What is the after tax yield on a corporate bond : If a taxpayer's marginal tax rate is 33 percent, what is the after- tax yield on a corporate bond that pays 5 percent interest?
Drugs for the young population : Will you price drugs differently for these two different groups? Assume that the drugs for the young population and the retirees are different and one group cannot buy the drugs cheaper and sell it to the other.
Make a chart on deficiency diseases kwashirkor : Make a chart on deficiency diseases kwashirkor, scurvy, rickets and dental caries. list the causing agent and what can we do to prevent these diseases
What is the profit maximizing solution : The firm for which you are a manager operates in a perfectly competitive market. The market price for this perfectly competitive firm is P = $14. You are also given your estimated total cost curve, C(Q) = 10 + 4Q + 0.5Q2.
What environmental policy is associated with the topic : What environmental policy is associated with this topic? What controversies do you foresee related to this topic? What are your personal opinions/reflections about the news topic?
Graph the yield curve : Gather data from The Wall Street Journal on interest rates for today's government securities of various maturities. Graph the yield curve.

Reviews

Write a Review

 

Business Management Questions & Answers

  Describing an initial public offering for global firm

Write a 750 to 1,000 word paper describing an initial public offering for a global firm.

  Design a rewards program based on verizon communication inc

In this final assignment, you will design a total rewards program based on Verizon Communication Inc. You will have conducted a research project in which you have obtained thorough and detailed information about organizational goals.

  Reserve bank of australia

On the 4th of October 2016, the Reserve Bank of Australia (RBA) board will meet to discuss domestic and global economic conditions and release its monetary policy statement, having decided upon the appropriate level of the cash rate.

  Explain the impact of consumer satisfaction on marketing

Examine how marketers can use the process to drive buyer's actions. b. Explain the impact of consumer satisfaction on marketing. c. Reference at least three references.

  Finding and retaining software programmers

You basically spend your time in an isolated office writing code and sitting in meetings during which you participate in looking for and evaluating hundreds of current employees and potential employees. Microsoft has no problem in finding and reta..

  On globalization

On Globalization -

  Advocates of retrospective methodology

Project Retrospectives: Advocates of retrospective methodology claim there are distinguishing characteristics that increase its value over past lessons learned methods. What are they? How does each characteristic enhance project closure and review..

  Adams equity theoryprepare a paper that focuses on the

adams equity theoryprepare a paper that focuses on the administrative staff of a fictitious organization and how adams

  Form of communication

The documentation you produce at work is intended as a form of communication. Explain what communication is and why it is important that the ideas/ information you communicate should be understood as they were intended (20-40 words)

  Arrange job relationships in organizations

Consider the following statements: 1. Motivation cannot be used as a tool to arrange job relationships in organizations. 2. Individuals make conscious decisions about, their behaviour in the organization

  What is the maximum number of cars

If there is no expansion, what is the maximum number of cars that may actually travel from the stadium to the inter¬state per hour? Why is this number not equal to 33,000, as Dr. Lee suggested?

  Describe three key elements of your merger plan.

Remember, after you submit your answer each week to the Discussion Question itself, you also need to respond to at least two of your classmates' posts.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd