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If the law end patent protection (in the U.S.) if the price of a drug was above the median price charged in the next seven wealthiest countries. Describe the implications we should expect if this bill were to become a law. Would consumers be better or worse off?
1. 'The economy is in a recessionary gap What are the fiscal policy options available to the government?
The NCAA prohibits schools that are caught paying athletes from participating in bowl games, and sometimes the punishment is even more severe. Explain why schools don't break away from the NCAA and form a league in which athletes can legitimately be ..
elucidate what economic factors may influence such behavior
A representative of the Environmental Protection Agency (EPA) wants to select samples of 5 landfills. The director has 10 landfills from which she can collect samples. How many different samples are possible?
General Cereals is using a regression model to estimate the demand as well as for Twee tie Sweeties, a whistle-shaped, sugar coated breakfast cereal for children.
Suppose you are studying the recent rise in shale energy. You know the inverse private demand function for shale energy is P = 100 - Qd. The private supply of shale energy is P = Qs. However, shale energy can potentially lead to pollution. The margin..
Describe the strength of the association between seatbelt use and whether one was injured or killed using the odds ratio. Calculate the odds ratio.
Bel's Bakery (BB) is a family owned business. In 2010 it recorded a $3 million operating loss. Apparently, 50% of the losses stemmed from a failed acquisition. With short term interest rates at 5%, the manager (John) convinced the owners to expand it..
Use the principles of supply and demand to address a predetermined goal (set by the student).
Suppose a firm is hiring 20 workers at a wage rate of $60. The average product of labor is 30, the last worker added 12 units of output, and total fixed cost is $3,600. What is marginal cost?
Write a 1,200-word report on Luxembourg recommending an off-shore country and support your choice with the following data:
If the demand for money depends positively on real income and depends inversely on the nominal interest rate, what will happen to the price level today, if the central bank announces (and people believe) that it will decrease the money growth rate in..
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