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Managerial economics class In this assignment, you are to prepare a report analyzing the two problems below. Be sure to include your own interpretation and opinion as you prepare this report. You are the manager of a small pharmaceutical company that received a patent on a new drug three years ago. Despite strong sales ($150 million last year) and a low marginal cost of producing the product ($0.50 per pill), your company has yet to show a profit from selling the drug. This is, in part, due to the fact that the company spent $1.7 billion developing the drug and obtaining FDA approval. Discuss why this firm is currently not making a profit. Include the concepts of total revenue, variable costs, fixed costs, and sunk cost. Explain the relationship of between total revenue and own price elasticity of demand. Based on this information, what can you do to boost profits? The pharmaceutical industry operates in an aggressively competitive market. There are a limited number of firms in the industry. This is due primarily to the high fixed cost of entering the market, the high cost of research and development, obtaining patents and dealing with mergers and acquisitions. Let us assume that over 70% of the products sold in this market are protected by patents for the next eight years. Identify and describe the market characteristics of perfect competition. Explain price competition in perfect competition. Explain the barriers to entry in perfect competition. Does this pharmaceutical industry conform to an economist's definition of a perfectly competitive market? Justify your response.
Prepare a literature review to discuss how Organizational Behavior theories can improve innovation and decision-making within organizations. This must provide critical analysis and synthesis of the material and provides sources that critiques or ..
An alternative strategy for Corben Inc. is to cancel the introduction of Zaturn and instead to spend the $40 million (on an annual basis) to promote Crunz. This action is expected to increase the sales for Crunz by 50%. Both brands (Cruz and Zatur..
You should choose an effective example to clearly illustrate your viewpoints such as a current event issue or personal experience.
Employers argue that nonstandard work provides many advantages to both workers and employers. Discuss (1) the advantages of nonstandard work as proposed by employers, and (2) the research evidence concerning these jobs versus "standard" jobs.
The Hub and Spoke Concept continues its development in the various modes of transportation (Maritime, Air, Truck, and Rail). Describe some of the key advantages this concept brings to the various modes of transportation.
Does the desire to be accepted as a part of a group leave one susceptible to conforming to the group's norms? Can a group exert pressure that's strong enough to change a member's attitudes and behavior?
Insert a single capital letter (A through F) to indicate the department in the first list that would originate (initiate) that document.
How does a leader design an organizational structure?
Explain and Identify the kind of societal expectation of behavior and what standard of behavior is most appropriate
Q1. ____ involves allocating ownership of the risk to another party. Q2. A project manager can chart the probability and impact of risks on a ____.
You analysis should critically evaluate the current organizational behavior practices and relate the day to day issues of organizational behavior to basic dilemmas and tensions
Identify the business problems of each of the cases; describe the metaphor(s) used. Rank-order the critical issues stated in the cases Evaluate the proposed solutions. Are the solutions valid? Why or why not?
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