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Q. According to a study by Tufts University, cost of developing a new prescription drug was $802 million in 2001. According to study, for every 5,000 chemical compounds that are tested on animals as medications, only five are tested on humans and of these only one is approved for sale. Also, it typically takes 12 years on average for a new drug to reach market. In addition, increases in costs of human clinical trials have been increasing at 12 percent per year. Using information given: What is average cost of first do these of a new drug? What about marginal cost of subsequent doses? Is this consistent with behaviour of costs for an information product?
assume which the benefit to the villagers of each additional cow grazing on the commons declines as more cows graze
A perfectly competitive external market for the intermediate product exists, and an imperfectly competitive external market for the intermediate product exists.
Consider an employee who does not receive employer-based health insurance and must divide her $700 per week in after-tax income.
Discuss how you would explain what this class was about to a friend of yours pondering taking the same class.
Assume that PY increases by 15%, what percentage effect on quantity demanded of product X could be expected.
Write the total and marginal revenue functions.
What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.
The report must address what income, Social Security, and Medicare taxes are and why U.S. citizens must pay them.
Which nation has comparative advantage in wheat production? In cotton production. Which nation has absolute advantage in wheat production.
Illustrate what changes in the Ants' resources do we see through the film. Are the Grasshoppers commercial talent and they are just annoying.
Describe the budget constraint which she faces when deciding how many drinks to buy.
Compare also contrast the yields also maturities for each of the securities. Argue elucidate which you would hold also Elucidate why relative to interest rate risk.
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