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From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. On average, noncustomers earn a wage of $20 per hour and pay ATM fees of $3.25 per transaction. It is estimated that banks would be willing to maintain services for 5 million transactions at $1.25 per transaction, while noncustomers would attempt to conduct 22 million transactions at that price. Estimates suggest that, for every 1 million gap between the desired and available transactions, a typical consumer will have to spend an extra minute traveling to another machine to withdraw cash.
Give two main reasons that Canadian prices for generic pharmaceuticals are higher than real acquisition prices and explain why these factors contribute to higher generic drug prices and any solution for this problem?
Let's say our government runs an advertising campaign, encouraging its citizens to reduce spending money on consumer items, and instead save more money. How does this affect economic activity?
One reason firms in monopolistic competition can charge different prices is that their products are identical 2 similar 3 differentiated 4 guaranteed. The Clayton Act prohibits price discrimination. In monopolistic competition, there is no need for..
What is the average time period for the introduction of a new drug into market? One act passed by the federal government aimed at reducing the monopoly power of patented drugs was. Which drug is likely to be the most profitable for its producer (in t..
You are the marketing manager for Herman Miller, the company that sells the Leaf Personal Light in the US. The product was designed by Yves Behar, an entrepreneur and sustainability advocate. It is cool to the touch, has adjustable intensity and cons..
Illustrate what is the expected return of the remaining portion of Peggy's portfolio.
given the tc300004q 0.0004q2 with a constant whole price 20clock. what is the breakeven quantity the profit maximizing
Why would equal-sized falls in aggregate output due to a fall in aggregate demand have different effects on magnitude and duration of unemployment in se two economies.
If you are near graduation and plan to start your new job in 3 weeks, how does the Bureau of labor statistics classify you? Unemployed, employed or notin labor force.
Dorinda, Luis, and Elizabeth form a limited partnership. Dorinda is a general partner, and Luis and Elizabeth are limited partners. Consider the separate events below, and discuss fully whether each event constitutes dissolution of the limited partne..
explain why the tax would be placed on gasoline rather than, say yachts. Illustrate what might be the long run effect of raising the price of gas.
what is the new wage and employment level; are employees better or worse off as a result of the health insurance benefits?
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