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It is very expensive to do the research to invent a new drug, but the cost of producing the drug once it has been invented is only $1 per dose.
Assume the inventor has a patent, which creates a monopoly.
a) Draw a diagram showing the monopolist's profit-maximizing price, quantiy, and profits
b) Explain whether the monopolist's equilibrium results in a the socially optimal price and quantity.
c) Would it be a good policy to impose a price ceiling? If so at what level? Explain.
d) Would it be a good policy to eliminate patents, so any firm can produce the drug? Explain
Visualize that you work as a sales associate for your local Gap store. The work schedule is constantly set a month in advance, however you want more flexibility.
Which skill sets (technical, conceptual also human skills) was McFarlane proficient in lacking proficiency in? Explain your answer.
Identify and describe the levels of needs analysis and provide an example of each.
How can the carrier and the rider both benefit from a piggyback arrangement?- When exporting to a market, you're only as good as your intermediary there.' Discuss.
Leadership is defined as influence, the art or process of influencing people so that they will strive willingly and enthusiastically toward the achievement of group goals. Explain the essential skills a leader should posses.
Evaluate the two requirements for understanding your customers' requirements: Order Qualifiers: Why must companies understand this requirement?
Determine a global beta for his portfolio and holds a portfolio that is well-diversified with international investments, which performance measure is more appropriate,
At what nominal rate compounded continuously must money be invested to double in 8 years?- At what nominal rate compounded continuously must money be invested to double in 10 years?
Today's workplace has become more like challenging ground where managers have to face daily new challenges. A manager need to keep in mind diversity, competition, environmental consciousness, current talent, attracting new talent,
Describe and explain the pros and cons of subcontracting logistics for a building or moving enterprise - why taking over the responsibility for accounts payable might be the only way.
Explain how you filled out the form and any decisions you needed to make during the process
leadership and good strategy developmentbesides visioning in businesses what other leadership competencies are critical
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