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Balance human suffering with the economic realities
Poor countries assert that patented drugs are too expensive for most of their people to afford. The issue becomes especially noteworthy over drugs for AIDS sufferers in Africa. Monthly drug expenses are above total income levels. Countries have been changing their drug laws to eliminate patent rights in certain cases.
How do you balance human suffering with the economic realities? Do drug companies have an ethical duty to sell their products for the lowest price? Should countries abolish the patent protection for drugs? Support your answer with examples and arguments?
If an owner of a industry wanted to make a trip for non-business use and their lost wages was not tax-deductible.
Suppose that you believe that the average rate of inflation over the next 20 years will be 3.5 percent. Would you by the nominal or the inflation-indexed bond?
Utilize the information to predict the yearly number of VCR's sold under the following conditions.
You are a manager in a perfectly competitive market. The price in your market is $35. Your total cost curve is.
Government needs to eliminate the gap by changing expenditures. What policy would you suggest.
Compute the own price elasticity of demand whenever the price goes from $5 to $4.
Suppose that Demand and Supply curves for coffee bean is given by-What value of t maximizes Government's tax revenue?
In the following list a number of well-known companies and the products that they sell. Which of the four types of markets (perfect competition, monopoly, monopolistic competition, and oligopoly)
Problem on standard deviation
Show these data graphically. Upon what specific assumptions is this production possibilities curve based? What would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a lev..
Illustrate what would be a monetary policy prescription to reduce or eliminate deflation.
Explain why is it wiser for the government to put a sales tax on a good that is demand inelastic than on one that is demand elastic.
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