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Business Ethics concepts and cases class:
Is the drug industry a good illustration of the market theories described in this chapter? Explain.
How should the relations between drug and human life/health affect your views on drug industry monopoly profits? Explain.
If the price elasticity of demand is equal to 0, then demand is unit elastic. To be binding, a price ceiling must be set above the equilibrium price.
An indifference curve involving two goods identifies the:
Home and Foreign are two identical countries except that people in Home work twice as hard of those in Foreign. Each has two industries (Steel and Shoe industries), where steel production is capital intensive and shoe production is labor intensive. U..
Perfect Competition is a model of which examples are few and far between; yet economists love to discuss this model. Obviously this model is not suitable for analyzing healthcare economics. Discuss.
A student loan totals $18,000 a graduation. The interest rate is 6%, and there will be 60 payments beginning 1 month after graduation. If this student received $1,500 as a graduation present and uses it to pay off an extra $1500 in the first month, w..
Qs = 24 + 20Px - 15PI + 6T - 32Pr - 20Pe + 5F Determine the equation of the supply curve for x when P=8, T = 4 P=4 P=5 F=47 Plot the supply curve on a graph b. If the values of all of the variables are 0, what is the quantity supplied? c. If the pric..
If the number of suppliers in the micro calculator industry increases, illustrate what would we expect to happen.
_____ communication involves the exchange of information among colleagues and peers on the same organizational level, such as across or within departments. Which of the following statements is true about organizational culture? Banks having separate ..
If the firm needs the service of these machines for an indefinite period also no technology improvement is expected in future machines.
Assume that in short-run equilibrium, a particular monopolistically competitive firm charges $10 for each unit of its output and sells 48 units of output per day. The average total cost (ATC) for those 48 units is $4. What will be its economic profit..
q1. briefly summarize this loanable funds theory in your own words. identify at least one important entrepreneur that
What common assumptions guide the Thucydides and Procopius readings regarding how a historian should chronicle a plague? What different assumptions do they possess about both human behavior and the role divine forces play in human history? How do bot..
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